Sequoia Financial Advisors LLC Invests $875,000 in Jack Henry & Associates, Inc. $JKHY

Sequoia Financial Advisors LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,855 shares of the technology company's stock, valued at approximately $875,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC bought a new position in Jack Henry & Associates in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates in the 1st quarter worth approximately $38,000. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% in the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after buying an additional 149 shares in the last quarter. National Pension Service grew its holdings in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after buying an additional 115 shares in the last quarter. Finally, Steph & Co. bought a new position in Jack Henry & Associates in the 2nd quarter worth approximately $51,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Jack Henry & Associates from $173.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research note on Wednesday, October 1st. Royal Bank Of Canada decreased 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 note on Thursday, August 21st. Finally, Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a research note on Friday. Two equities 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $173.25.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Down 0.0%

JKHY opened at $152.93 on Friday. The firm has a market cap of $11.11 billion, a PE ratio of 24.51, a P/E/G ratio of 2.77 and a beta of 0.78. The business has a fifty day simple moving average of $156.63 and a 200-day simple moving average of $169.67. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) 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 return on equity of 22.60% and a net margin of 19.19%.The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates's dividend payout ratio is presently 37.18%.

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.

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