Robeco Institutional Asset Management B.V. Sells 31,106 Shares of Jack Henry & Associates, Inc. $JKHY

Robeco Institutional Asset Management B.V. cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 70.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,269 shares of the technology company's stock after selling 31,106 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Jack Henry & Associates were worth $2,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in Jack Henry & Associates in the second quarter valued at about $240,000. V Square Quantitative Management LLC boosted its position in Jack Henry & Associates by 13.2% in the second quarter. V Square Quantitative Management LLC now owns 1,620 shares of the technology company's stock valued at $292,000 after buying an additional 189 shares in the last quarter. Patton Fund Management Inc. acquired a new position in Jack Henry & Associates in the second quarter valued at about $232,000. CX Institutional boosted its position in Jack Henry & Associates by 6.3% in the second quarter. CX Institutional now owns 1,264 shares of the technology company's stock valued at $228,000 after buying an additional 75 shares in the last quarter. Finally, Steph & Co. acquired a new position in Jack Henry & Associates in the second quarter valued at about $51,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JKHY. Keefe, Bruyette & Woods reduced their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. UBS Group reduced their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, 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 on the stock in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $178.38.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $149.63 on Wednesday. The company's 50 day simple moving average is $159.08 and its 200 day simple moving average is $171.19. 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 market capitalization of $10.87 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.65 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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 business had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same period in the prior year, the business posted $1.33 earnings per share. Jack Henry & Associates's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates's dividend payout ratio is currently 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.

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