1,800 Shares in Jack Henry & Associates, Inc. $JKHY Purchased by MBB Public Markets I LLC

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 acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,800 shares of the technology company's stock, valued at approximately $329,000.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates in the first quarter worth $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Jack Henry & Associates in the first quarter worth $38,000. Assetmark Inc. grew its stake in shares of Jack Henry & Associates by 147.5% in 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 last quarter. National Pension Service grew its stake in shares of Jack Henry & Associates by 75.2% in 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 during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth $54,000. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $1.30 during trading on Friday, hitting $160.12. 693,438 shares of the company traded hands, compared to its average volume of 757,030. The business's fifty day moving average is $168.22 and its 200 day moving average is $174.32. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.88 and a beta of 0.79.

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 firm had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The business's quarterly revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's dividend 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 dated 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 owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. UBS Group dropped 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. Royal Bank Of Canada dropped 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. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a report on Friday, August 22nd. Finally, Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $182.33.

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.