Modern Wealth Management LLC Makes New $645,000 Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Modern Wealth Management LLC acquired 3,531 shares of Jack Henry & Associates, valued at approximately $645,000, during the first quarter.
• Jack Henry & Associates recently reported $1.75 earnings per share, exceeding analysts' expectations of $1.50, with a year-over-year revenue increase of 9.9%.
• The company declared a quarterly dividend of $0.58 per share, with a dividend yield of 1.4%, to be paid on September 26th.

Modern Wealth Management LLC acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,531 shares of the technology company's stock, valued at approximately $645,000.

Several other large investors also recently made changes to their positions in JKHY. Summit Securities Group LLC acquired a new stake in Jack Henry & Associates during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter valued at $38,000. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares in the last quarter. National Pension Service grew its holdings in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after purchasing an additional 115 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Jack Henry & Associates during the 1st quarter worth $59,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JKHY. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a report on Friday, August 22nd. UBS Group decreased their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Robert W. Baird decreased their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. 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 stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average price target of $182.33.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $2.50 during trading hours on Friday, reaching $151.97. The company's stock had a trading volume of 3,452,842 shares, compared to its average volume of 694,997. The stock has a market cap of $11.07 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79. The company's 50 day simple moving average is $165.98 and its 200 day simple moving average is $173.71. Jack Henry & Associates, Inc. has a one year low of $151.69 and a one year high of $196.00.

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 the consensus estimate of $1.50 by $0.25. The firm 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%. Jack Henry & Associates's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a $0.58 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 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.