Morningstar Investment Management LLC Takes $375,000 Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Morningstar Investment Management LLC has acquired a new stake in Jack Henry & Associates, investing approximately $375,000 for 2,083 shares during the 2nd quarter.
• Several large investment firms have increased their holdings in Jack Henry & Associates, indicating robust institutional interest as 98.75% of the stock is owned by institutional investors and hedge funds.
• Equities analysts have recently downgraded Jack Henry's ratings, with the stock receiving a consensus rating of "Hold" and a target price decrease from $203 to $185 among others.

Morningstar Investment Management LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,083 shares of the technology company's stock, valued at approximately $375,000.

Several other large investors have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in Jack Henry & Associates by 19.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock valued at $872,631,000 after buying an additional 765,441 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 3.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock valued at $249,615,000 after buying an additional 48,311 shares during the period. Raymond James Financial Inc. raised its stake in shares of 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 purchasing an additional 21,040 shares in the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Jack Henry & Associates by 14.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock worth $118,550,000 after purchasing an additional 82,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after buying an additional 6,342 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred on 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 owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada dropped their price objective 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. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group dropped their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Weiss Ratings restated a "hold (c)" rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating on the stock in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $174.88.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $154.12 on Wednesday. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.73 and a beta of 0.78. The business's 50-day simple moving average is $157.27 and its 200-day simple moving average is $170.30. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The business had revenue of $615.37 million for 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 in the prior year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

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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