Nomura Holdings Inc. Purchases 1,792 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Nomura Holdings Inc. significantly increased its stake in Jack Henry & Associates, Inc. by 74.6%, totaling $766,000 worth of holdings in the company.
• Recent analyst ratings show a mixed outlook for Jack Henry & Associates, with three analysts giving a Buy rating and several reducing their price targets for the stock.
• The company reported a quarterly earnings per share (EPS) of $1.75, which exceeded analysts' expectations, along with a revenue growth of 9.9% year-over-year.

Nomura Holdings Inc. lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 74.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,195 shares of the technology company's stock after buying an additional 1,792 shares during the period. Nomura Holdings Inc.'s holdings in Jack Henry & Associates were worth $766,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JKHY. Assetmark Inc. grew its position in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after acquiring an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after purchasing an additional 6,342 shares in the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Jack Henry & Associates by 14.5% during the first 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 during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock worth $1,227,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after buying an additional 4,821 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The shares were 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 $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.37% of the company's stock.

Jack Henry & Associates Stock Down 2.2%

JKHY traded down $3.65 during trading on Wednesday, hitting $159.10. The company's stock had a trading volume of 890,715 shares, compared to its average volume of 771,746. The firm has a market capitalization of $11.59 billion, a P/E ratio of 25.50, a PEG ratio of 2.92 and a beta of 0.79. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00. The stock's fifty day moving average price is $169.04 and its 200-day moving average price is $174.49.

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

Jack Henry & Associates Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 5th. Jack Henry & Associates's payout ratio is 37.18%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JKHY. UBS Group dropped 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. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Robert W. Baird dropped their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Royal Bank Of Canada decreased their price objective on 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. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates 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.