MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 3,058 Shares of 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. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,821 shares of the technology company's stock after acquiring an additional 3,058 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Jack Henry & Associates worth $12,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 19.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after acquiring an additional 765,441 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Jack Henry & Associates by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock worth $249,615,000 after acquiring an additional 48,311 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after acquiring an additional 82,100 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Jack Henry & Associates by 22.9% during the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock worth $146,418,000 after acquiring an additional 155,831 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Jack Henry & Associates by 2.8% during the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company's stock worth $142,190,000 after acquiring an additional 21,040 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on JKHY. Robert W. Baird dropped their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a report on Friday, August 22nd. 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. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, 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. Three equities 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, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $182.33.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY traded down $1.30 during trading on Friday, reaching $160.12. 693,434 shares of the stock were exchanged, compared to its average volume of 647,203. The stock has a market cap of $11.67 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00. The stock's 50 day moving average price is $168.64 and its two-hundred day moving average price is $174.41.

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

Jack Henry & Associates Dividend Announcement

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

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.