Jack Henry & Associates, Inc. $JKHY Stock Position Lowered by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Jack Henry & Associates by 7.2%, now holding 23,898 shares valued at approximately $4.36 million.
• Several institutional investors increased their stakes in Jack Henry & Associates, with Kayne Anderson Rudnick boosting its position by 19.1% to own nearly $872.6 million in shares.
• Jack Henry & Associates announced a quarterly dividend of $0.58 per share, with the payout ratio at 37.18%, indicating a yield of 1.4% for investors.

Rafferty Asset Management LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,898 shares of the technology company's stock after selling 1,844 shares during the quarter. Rafferty Asset Management LLC's holdings in Jack Henry & Associates were worth $4,364,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JKHY. Price T Rowe Associates Inc. MD grew its position in shares of Jack Henry & Associates by 0.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 104,058 shares of the technology company's stock valued at $18,242,000 after buying an additional 563 shares during the last quarter. Northern Trust Corp grew its position in shares of Jack Henry & Associates by 9.9% during the 4th quarter. Northern Trust Corp now owns 788,861 shares of the technology company's stock valued at $138,287,000 after buying an additional 71,304 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Jack Henry & Associates by 363.7% during the 4th quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock valued at $30,526,000 after buying an additional 136,579 shares during the last quarter. Comerica Bank grew its position in shares of Jack Henry & Associates by 7.9% during the 4th quarter. Comerica Bank now owns 41,521 shares of the technology company's stock valued at $7,279,000 after buying an additional 3,054 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $1,293,000. Institutional investors own 98.75% of the company's stock.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JKHY shares. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada lowered their price objective 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. Keefe, Bruyette & Woods decreased 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 research report on Thursday, August 21st. UBS Group decreased their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Finally, Robert W. Baird decreased their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and an average price target of $182.70.

Jack Henry & Associates Stock Up 0.3%

NASDAQ JKHY traded up $0.44 on Friday, hitting $163.26. The stock had a trading volume of 692,777 shares, compared to its average volume of 866,242. The company's 50-day moving average is $171.91 and its two-hundred day moving average is $174.93. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 2.93 and a beta of 0.79. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million during 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 business's revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate 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 will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a $0.58 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's dividend payout ratio (DPR) is 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.