Jack Henry & Associates, Inc. $JKHY Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in Jack Henry & Associates by 2.8%, now owning 778,695 shares worth approximately $142.19 million.
• Institutional investors hold 98.75% of Jack Henry & Associates' shares, with several firms adding to their positions during the first quarter.
• Wall Street analysts have a consensus rating of "Hold" for the stock, with average target prices around $185.11 as multiple firms adjust their valuations.

Raymond James Financial Inc. boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 778,695 shares of the technology company's stock after buying an additional 21,040 shares during the quarter. Raymond James Financial Inc. owned 1.07% of Jack Henry & Associates worth $142,190,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after buying an additional 149 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 1.0% in 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 period. Tandem Investment Advisors Inc. boosted its stake in shares of Jack Henry & Associates by 14.5% in 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 period. Bridges Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after purchasing an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC boosted 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 purchasing an additional 4,821 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insiders Place Their Bets

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 in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Stock Down 0.3%

JKHY stock traded down $0.54 during midday trading on Thursday, reaching $163.26. 1,020,128 shares of the company were exchanged, compared to its average volume of 641,755. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year high of $196.00. The stock's 50-day simple moving average is $174.31 and its 200 day simple moving average is $175.36. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.91 and a beta of 0.73.

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 for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 23.03%. The firm had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same period last year, the firm posted $1.33 EPS. Jack Henry & Associates's quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday. Robert W. Baird lowered 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 research note on Wednesday. DA Davidson reissued a "buy" rating and issued a $212.00 price objective on shares of Jack Henry & Associates in a research note on Monday. 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 research note on Thursday. Finally, 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 note on Thursday. Three research 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $183.50.

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.