Jacobs Levy Equity Management Inc. Invests $3.15 Million in Jack Henry & Associates, Inc. $JKHY

Key Points

• Jacobs Levy Equity Management Inc. has invested approximately $3.15 million in Jack Henry & Associates, acquiring 17,232 shares of the company during the first quarter.
• Jack Henry & Associates reported a quarterly EPS of $1.75, exceeding estimates and showing a year-over-year revenue increase of 9.9%.
• The company also announced a quarterly dividend of $0.58 per share, which equates to an annual yield of 1.4%.

Jacobs Levy Equity Management Inc. bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,232 shares of the technology company's stock, valued at approximately $3,147,000.

A number of other large investors have also modified their holdings of the business. Eventide Asset Management LLC grew its holdings in shares of Jack Henry & Associates by 39.9% during the first quarter. Eventide Asset Management LLC now owns 12,778 shares of the technology company's stock worth $2,329,000 after buying an additional 3,642 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Jack Henry & Associates by 12.1% during the first quarter. Alliancebernstein L.P. now owns 90,158 shares of the technology company's stock worth $16,463,000 after buying an additional 9,701 shares during the period. Nomura Holdings Inc. boosted its stake in Jack Henry & Associates by 74.6% during the first quarter. Nomura Holdings Inc. now owns 4,195 shares of the technology company's stock worth $766,000 after buying an additional 1,792 shares during the period. Kodai Capital Management LP lifted its position in shares of Jack Henry & Associates by 34,328.8% during the first quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company's stock worth $17,037,000 after purchasing an additional 93,031 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $123,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY stock traded down $0.21 during trading on Monday, hitting $159.91. The stock had a trading volume of 62,088 shares, compared to its average volume of 643,734. The company's 50 day moving average price is $168.22 and its two-hundred day moving average price is $174.35. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year high of $196.00. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.85 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results 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. The firm had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a $0.58 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates's payout ratio is 37.18%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is 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.