Jack Henry & Associates, Inc. $JKHY Shares Purchased by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP significantly increased its holdings in Jack Henry & Associates by 34,328.8%, acquiring a total of 93,302 shares worth approximately $17 million.
• Jack Henry & Associates recently reported a quarterly earnings per share (EPS) of $1.75, exceeding analysts' expectations, with a year-over-year revenue increase of 9.9%.
• The company announced a quarterly dividend of $0.58, representing an annual yield of 1.4%, with the record date set for September 5th.

Kodai Capital Management LP grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 34,328.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,302 shares of the technology company's stock after purchasing an additional 93,031 shares during the quarter. Kodai Capital Management LP owned approximately 0.13% of Jack Henry & Associates worth $17,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $123,000. State of Wyoming raised its holdings in Jack Henry & Associates by 55.2% during the first quarter. State of Wyoming now owns 1,111 shares of the technology company's stock worth $203,000 after purchasing an additional 395 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Jack Henry & Associates by 19.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 12,452 shares of the technology company's stock worth $2,274,000 after purchasing an additional 2,017 shares in the last quarter. PEAK6 LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $1,829,000. Finally, RGM Capital LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $58,951,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.1%

Shares of Jack Henry & Associates stock traded down $0.16 during trading on Wednesday, reaching $160.62. The company's stock had a trading volume of 198,567 shares, compared to its average volume of 642,219. The company has a 50-day moving average price of $171.15 and a two-hundred day moving average price of $174.81. The firm has a market cap of $11.70 billion, a PE ratio of 25.73, a P/E/G ratio of 2.93 and a beta of 0.79. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00.

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

Jack Henry & Associates Dividend Announcement

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

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director directly 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.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research report on Thursday, August 21st. Robert W. Baird cut their target price 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. Royal Bank Of Canada cut 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. Finally, UBS Group cut their target price 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. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $182.70.

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.