NFJ Investment Group LLC Lowers Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• NFJ Investment Group LLC has reduced its holdings in Jack Henry & Associates by 13.8%, owning about 0.20% of the company’s shares valued at approximately $26.6 million post-sale.
• Jack Henry & Associates recently declared a quarterly dividend of $0.58 per share, resulting in an annualized yield of 1.4%.
• Analysts have mixed ratings on Jack Henry & Associates, with three maintaining a Buy rating, seven recommending a Hold, and one issuing a Sell rating.

NFJ Investment Group LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 145,433 shares of the technology company's stock after selling 23,302 shares during the period. NFJ Investment Group LLC owned approximately 0.20% of Jack Henry & Associates worth $26,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its position in Jack Henry & Associates by 535.1% during the 1st quarter. Millennium Management LLC now owns 161,180 shares of the technology company's stock worth $29,431,000 after acquiring an additional 135,801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jack Henry & Associates by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,821 shares of the technology company's stock valued at $12,200,000 after buying an additional 3,058 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company's stock worth $384,000 after purchasing an additional 367 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth approximately $3,147,000. Finally, Eventide Asset Management LLC raised its position in Jack Henry & Associates by 39.9% during the first quarter. Eventide Asset Management LLC now owns 12,778 shares of the technology company's stock worth $2,329,000 after acquiring an additional 3,642 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 1.9%

NASDAQ:JKHY traded down $3.14 on Wednesday, reaching $159.62. 295,872 shares of the company's stock were exchanged, compared to its average volume of 642,565. Jack Henry & Associates, Inc. has a 52-week low of $157.80 and a 52-week high of $196.00. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.92 and a beta of 0.79. The business has a fifty day moving average of $169.45 and a 200-day moving average of $174.60.

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, beating the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million for the quarter, compared to analysts' expectations 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 was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. 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 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's 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 transaction, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. Royal Bank Of Canada reduced their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research report on Thursday, August 21st. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Finally, Robert W. Baird cut 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and an average target price of $182.33.

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.