BNP Paribas Financial Markets Sells 34,008 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• BNP Paribas Financial Markets reduced its stake in Jack Henry & Associates, Inc. by 16.7%, now owning 169,529 shares valued at approximately $30.96 million.
• The company reported a quarterly earnings per share (EPS) of $1.75, exceeding analysts' expectations and representing a 9.9% revenue increase year-over-year.
• Jack Henry & Associates announced a quarterly dividend of $0.58 per share, with a payout ratio of 37.18% and a dividend yield of 1.4%.

BNP Paribas Financial Markets decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,529 shares of the technology company's stock after selling 34,008 shares during the period. BNP Paribas Financial Markets owned 0.23% of Jack Henry & Associates worth $30,956,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Jack Henry & Associates during the first quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the first quarter valued at $38,000. Assetmark Inc. boosted its position in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the last quarter. National Pension Service boosted its position in Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after purchasing an additional 115 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.2%

JKHY traded up $0.37 on Friday, hitting $162.24. 595,384 shares of the stock traded hands, compared to its average volume of 842,859. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The firm has a market capitalization of $11.82 billion, a PE ratio of 26.00, a P/E/G ratio of 2.91 and a beta of 0.79. The business has a fifty day moving average price of $170.19 and a two-hundred day moving average price of $174.70.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same period in the prior year, the company posted $1.33 EPS. The company's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates's dividend payout ratio is 37.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada reduced their price target on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research report on Thursday, August 21st. UBS Group reduced their price target on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Robert W. Baird reduced their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods cut their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Jack Henry & Associates has an average rating of "Hold" and a consensus target price of $182.33.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.