Royal Bank of Canada Decreases Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• The Royal Bank of Canada has reduced its stake in Jack Henry & Associates by 32.1% during the first quarter, now owning approximately 0.28% of the company, valued at $37.4 million.
• Jack Henry & Associates reported a quarterly earnings of $1.75 per share, beating estimates, with a revenue increase of 9.9% year-over-year to $615.37 million.
• Several analysts have downgraded their ratings and price targets for Jack Henry & Associates, with current average estimates around $182.33 and a consensus rating of "Hold."

Royal Bank of Canada cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 32.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,988 shares of the technology company's stock after selling 97,104 shares during the period. Royal Bank of Canada owned approximately 0.28% of Jack Henry & Associates worth $37,429,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Jack Henry & Associates by 6.8% in the fourth quarter. Ameriprise Financial Inc. now owns 212,012 shares of the technology company's stock valued at $37,156,000 after purchasing an additional 13,462 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $54,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $403,000. Deutsche Bank AG raised its position in shares of Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after buying an additional 367,806 shares in the last quarter. Finally, Ethic Inc. lifted its holdings in shares of Jack Henry & Associates by 24.8% in the 4th quarter. Ethic Inc. now owns 5,578 shares of the technology company's stock valued at $978,000 after acquiring an additional 1,108 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction 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 document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research note on Thursday, August 21st. UBS Group cut their target price on 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. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Royal Bank Of Canada lowered their price target on 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. Finally, DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Trading Up 0.2%

Shares of JKHY opened at $162.24 on Friday. The firm has a fifty day moving average price of $170.19 and a 200-day moving average price of $174.70. The firm has a market capitalization of $11.82 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.91 and a beta of 0.79. Jack Henry & Associates, Inc. has a 12-month low of $157.80 and a 12-month high of $196.00.

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 analysts' consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is presently 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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