Nordea Investment Management AB Sells 37,114 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Nordea Investment Management AB has reduced its stake in Jack Henry & Associates by 4.5% during the second quarter, selling 37,114 shares, resulting in ownership of 789,821 shares worth approximately $139.96 million.
• Jack Henry & Associates recently reported a quarterly earnings per share (EPS) of $1.75, surpassing analysts' expectations, with a year-over-year revenue increase of 9.9% to $615.37 million.
• The company announced a quarterly dividend of $0.58 per share, equating to an annualized dividend of $2.32 and a dividend yield of 1.5% as of the most recent payment date.

Nordea Investment Management AB cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 789,821 shares of the technology company's stock after selling 37,114 shares during the quarter. Nordea Investment Management AB owned 1.08% of Jack Henry & Associates worth $139,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted 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 purchasing an additional 765,441 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 purchasing an additional 48,311 shares during the last quarter. Raymond James Financial Inc. lifted its position in Jack Henry & Associates by 2.8% during the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company's stock valued at $142,190,000 after purchasing an additional 21,040 shares during the last quarter. Tandem Investment Advisors Inc. lifted its position in 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 valued at $118,550,000 after purchasing an additional 82,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $152.93 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The firm has a 50 day moving average price of $156.63 and a 200-day moving average price of $169.77. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.77 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $602.20 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates's payout ratio is presently 37.18%.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director directly owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JKHY. Weiss Ratings reiterated a "hold (c)" rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. UBS Group lowered 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. Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of Jack Henry & Associates from $173.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $173.25.

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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