Legacy Financial Strategies LLC Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Legacy Financial Strategies LLC has acquired 20,640 shares of Jack Henry & Associates, Inc., valued at approximately $3.72 million, making it the company's 24th biggest position in their investment portfolio.
• Recent earnings report shows Jack Henry & Associates beat analyst estimates with $1.75 EPS and a revenue of $615.37 million, reflecting a 9.9% year-over-year increase.
• The stock has seen mixed ratings from analysts, with three buy ratings, seven holds, and one sell, alongside an average target price reduction to $182.33.

Legacy Financial Strategies LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,640 shares of the technology company's stock, valued at approximately $3,719,000. Jack Henry & Associates accounts for 0.7% of Legacy Financial Strategies LLC's investment portfolio, making the stock its 24th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. 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 worth $46,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after acquiring an additional 6,342 shares during the period. Tandem Investment Advisors Inc. boosted its position in shares of Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after acquiring an additional 82,414 shares during the period. Bridges Investment Management Inc. boosted its position in shares of Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after acquiring an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after acquiring an additional 4,821 shares during the period. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. Royal Bank Of Canada reduced their price objective 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. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group reduced their target price 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. Finally, Keefe, Bruyette & Woods reduced their target price 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 analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $182.33.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded down $0.60 during trading hours on Monday, reaching $151.37. The company had a trading volume of 544,214 shares, compared to its average volume of 666,088. Jack Henry & Associates, Inc. has a one year low of $150.63 and a one year high of $196.00. The business has a fifty day simple moving average of $165.98 and a 200 day simple moving average of $173.61. The firm has a market cap of $11.03 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.71 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted 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 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%.The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 37.18%.

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.