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

A number of other institutional investors have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC lifted its holdings in shares of Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after acquiring an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after buying an additional 64 shares during the last quarter. Strengthening Families & Communities LLC increased its position in Jack Henry & Associates by 12.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after purchasing an additional 68 shares during the period. AdvisorNet Financial Inc increased its position in Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after purchasing an additional 75 shares during the period. Finally, Smith Shellnut Wilson LLC ADV increased its position in Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after purchasing an additional 77 shares during the period. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of 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. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $182.33.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred 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 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 SEC, which is available through the SEC website. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Trading Down 0.8%

Shares of NASDAQ JKHY traded down $1.30 during midday trading on Friday, hitting $160.12. 693,438 shares of the company's stock were exchanged, compared to its average volume of 757,030. Jack Henry & Associates, Inc. has a 12-month low of $157.80 and a 12-month high of $196.00. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.88 and a beta of 0.79. The business's fifty day moving average price is $168.22 and its two-hundred day moving average price is $174.32.

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

Jack Henry & Associates Announces Dividend

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

About Jack Henry & Associates

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.