Jack Henry & Associates, Inc. $JKHY Shares Bought by Martin Capital Partners LLC

Key Points

• Martin Capital Partners LLC increased its stake in Jack Henry & Associates, Inc. by 190.8% during Q2, now owning shares worth $901,000.
• Jack Henry & Associates reported Q3 earnings per share of $1.75, surpassing estimates, with total revenue of $615.37 million.
• The company recently announced a quarterly dividend of $0.58 per share, representing an annualized yield of 1.4% and a payout ratio of 37.18%.

Martin Capital Partners LLC lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 190.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,002 shares of the technology company's stock after purchasing an additional 3,282 shares during the period. Martin Capital Partners LLC's holdings in Jack Henry & Associates were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Summit Securities Group LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $38,000. Assetmark Inc. increased its stake in shares of 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 in the last quarter. National Pension Service increased its stake in shares of Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after purchasing an additional 115 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $59,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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 approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on JKHY shares. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Robert W. Baird dropped 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 note on Wednesday, August 20th. UBS Group dropped their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $182.33.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $5.31 during trading hours on Thursday, hitting $154.47. The company had a trading volume of 1,175,783 shares, compared to its average volume of 651,546. The company's fifty day moving average is $166.95 and its 200 day moving average is $174.04. Jack Henry & Associates, Inc. has a fifty-two week low of $154.39 and a fifty-two week high of $196.00. The stock has a market capitalization of $11.26 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79.

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

Jack Henry & Associates Dividend Announcement

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