Mirae Asset Global Investments Co. Ltd. Has $1.65 Million Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• Mirae Asset Global Investments Co. Ltd. significantly cut its holdings in Jack Henry & Associates, reducing its position by 82.1%, leaving it with 9,177 shares valued at approximately $1.65 million.
• Jack Henry & Associates reported quarterly earnings of $1.75 per share, surpassing analysts' expectations of $1.50, and experienced a 9.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.58 per share, with a 1.6% dividend yield, and has a dividend payout ratio of 37.18%.

Mirae Asset Global Investments Co. Ltd. reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 82.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,177 shares of the technology company's stock after selling 42,045 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Jack Henry & Associates were worth $1,653,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Axxcess Wealth Management LLC boosted its stake in Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after buying an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Jack Henry & Associates by 2.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after buying an additional 64 shares during the period. Strengthening Families & Communities LLC raised its stake in Jack Henry & Associates by 12.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock worth $105,000 after buying an additional 68 shares during the period. Phillips Wealth Planners LLC raised its stake in shares of Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company's stock valued at $290,000 after purchasing an additional 73 shares during the period. Finally, CX Institutional increased its stake in Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company's stock valued at $228,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on 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 owned 139,265 shares of the company's stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $149.43 on Thursday. The stock has a fifty day moving average price of $158.60 and a 200-day moving average price of $171.04. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The firm has a market cap of $10.86 billion, a PE ratio of 23.95, a P/E/G ratio of 2.68 and a beta of 0.78.

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, topping the consensus estimate of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Analyst Ratings Changes

A number of research analysts recently commented on JKHY shares. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada cut 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 research report on Thursday, August 21st. 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 report on Wednesday, August 20th. UBS Group cut their price target 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. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $178.38.

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.

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