Jack Henry & Associates, Inc. $JKHY Stake Raised by Millennium Management LLC

Key Points

• Millennium Management LLC significantly increased its stake in Jack Henry & Associates by 535.1% in Q1, owning 161,180 shares valued at approximately $29.4 million.
• Jack Henry & Associates delivered strong earnings results, reporting $1.75 EPS, surpassing estimates, with a 9.9% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.58, reflecting a 1.5% dividend yield, with a payout ratio of 37.18%.

Millennium Management LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 535.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,180 shares of the technology company's stock after purchasing an additional 135,801 shares during the quarter. Millennium Management LLC owned 0.22% of Jack Henry & Associates worth $29,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Ethic Inc. raised its holdings in shares of Jack Henry & Associates by 24.8% during the fourth quarter. Ethic Inc. now owns 5,578 shares of the technology company's stock worth $978,000 after purchasing an additional 1,108 shares during the period. Focus Partners Wealth acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth $219,000. Jefferies Financial Group Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth $2,032,000. Janus Henderson Group PLC raised its holdings in shares of Jack Henry & Associates by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 7,824 shares of the technology company's stock worth $1,372,000 after purchasing an additional 167 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Jack Henry & Associates by 7.4% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,632 shares of the technology company's stock worth $286,000 after purchasing an additional 113 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded up $0.64 during midday trading on Tuesday, reaching $159.07. 695,372 shares of the company traded hands, compared to its average volume of 753,646. Jack Henry & Associates, Inc. has a 52 week low of $157.36 and a 52 week high of $196.00. The stock has a 50-day moving average price of $167.35 and a 200 day moving average price of $174.14. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.82 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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $602.20 million. During the same period in the previous year, the business earned $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JKHY has been the topic of a number of research reports. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Robert W. Baird cut their target price on 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. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Finally, UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $182.33.

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.