MBB Public Markets I LLC Takes Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• MBB Public Markets I LLC has made a new investment of approximately $329,000 in Jack Henry & Associates, acquiring 1,800 shares during the first quarter.
• The stock underwent several rating adjustments, with Wall Street Zen downgrading it from a "buy" to a "hold" and multiple analysts reducing their target prices.
• Jack Henry & Associates recently announced a quarterly dividend of $0.58 per share, set to be paid on September 26th, representing a yield of 1.4%.

MBB Public Markets I LLC bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,800 shares of the technology company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Jack Henry & Associates by 19.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock valued at $872,631,000 after buying an additional 765,441 shares during the last quarter. GAMMA Investing LLC grew its position in Jack Henry & Associates by 19,937.4% in the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after purchasing an additional 464,941 shares during the last quarter. Deutsche Bank AG raised its position in shares of Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock worth $102,278,000 after buying an additional 367,806 shares in the last quarter. RGM Capital LLC bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $58,951,000. Finally, Nuveen LLC bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $31,463,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.8%

Shares of Jack Henry & Associates stock traded down $1.30 during midday trading on Friday, reaching $160.12. The company had a trading volume of 693,434 shares, compared to its average volume of 647,203. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The stock has a fifty day simple moving average of $168.64 and a 200 day simple moving average of $174.41. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year 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 for the quarter, beating 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 business had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same period in the prior year, the business posted $1.33 earnings per share. Jack Henry & Associates's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Analyst Ratings Changes

JKHY has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Royal Bank Of Canada reduced their price target 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. Keefe, Bruyette & Woods reduced their price target 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. Finally, DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research report on Friday, August 22nd. Three 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $182.33.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction that occurred 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 sale, the director directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Company 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.