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

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Axxcess Wealth Management LLC grew its stake in shares of Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after purchasing an additional 59 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after purchasing an additional 64 shares in the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of 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 acquiring an additional 68 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after acquiring an additional 75 shares during the period. Finally, Smith Shellnut Wilson LLC ADV raised its holdings in Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after buying an additional 77 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Keefe, Bruyette & Woods cut their price objective on shares of 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. Robert W. Baird lowered their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada lowered their target price on 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 investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $160.12 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The stock's 50-day moving average is $168.22 and its two-hundred day moving average is $174.35. The stock has a market cap of $11.67 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.85 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results 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 company had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Insider Activity

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

About Jack Henry & Associates

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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