MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $12.20 Million Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Jack Henry & Associates by 4.8%, acquiring an additional 3,058 shares during the first quarter, bringing its total ownership to approximately 66,821 shares valued at about $12.2 million.
• Jack Henry & Associates reported a quarterly EPS of $1.75, exceeding estimates, along with a revenue of $615.37 million, marking a 9.9% year-over-year growth.
• The company's quarterly dividend of $0.58 per share is set to be paid on September 26th, reflecting a yield of 1.4% and indicating a 37.18% dividend payout ratio.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,821 shares of the technology company's stock after buying an additional 3,058 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Jack Henry & Associates worth $12,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its position in Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company's stock worth $384,000 after buying an additional 367 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Jack Henry & Associates during the 1st quarter worth about $3,147,000. Eventide Asset Management LLC lifted its position in Jack Henry & Associates by 39.9% during the 1st quarter. Eventide Asset Management LLC now owns 12,778 shares of the technology company's stock worth $2,329,000 after buying an additional 3,642 shares in the last quarter. Alliancebernstein L.P. lifted its position in Jack Henry & Associates by 12.1% during the 1st quarter. Alliancebernstein L.P. now owns 90,158 shares of the technology company's stock worth $16,463,000 after buying an additional 9,701 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in Jack Henry & Associates by 74.6% during the 1st quarter. Nomura Holdings Inc. now owns 4,195 shares of the technology company's stock worth $766,000 after buying an additional 1,792 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Robert W. Baird cut their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates Stock Down 0.8%

Shares of JKHY stock traded down $1.30 on Friday, reaching $160.12. The stock had a trading volume of 693,438 shares, compared to its average volume of 750,989. The firm's 50-day moving average is $168.22 and its two-hundred day moving average is $174.35. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.85 and a beta of 0.79. Jack Henry & Associates, Inc. has a 12 month low of $157.80 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS 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 analyst estimates of $602.20 million. During the same quarter in the prior year, the business earned $1.33 EPS. Jack Henry & Associates's quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's dividend payout ratio is 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.