Shell Asset Management Co. Purchases 3,886 Shares of Jack Henry & Associates, Inc. $JKHY

Shell Asset Management Co. grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 86.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,387 shares of the technology company's stock after purchasing an additional 3,886 shares during the quarter. Shell Asset Management Co.'s holdings in Jack Henry & Associates were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock worth $114,306,000 after acquiring an additional 6,342 shares during the period. Tandem Investment Advisors Inc. increased its position in Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock worth $118,550,000 after acquiring an additional 82,414 shares during the period. Bridges Investment Management Inc. increased its position in Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock worth $1,227,000 after acquiring an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC increased its position in Jack Henry & Associates by 928.9% during the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock worth $974,000 after acquiring an additional 4,821 shares during the period. Institutional investors own 98.75% of the company's stock.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the business's 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 sale, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Jack Henry & Associates Price Performance

JKHY opened at $149.43 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The firm's fifty day moving average price is $158.60 and its two-hundred day moving average price is $171.04. The company has a market capitalization of $10.86 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.68 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping 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 22.60%. The firm had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the previous year, the company earned $1.33 earnings per share. The business's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates's payout ratio is currently 37.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods dropped their target price 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. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Robert W. Baird dropped their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Jack Henry & Associates in a research report on Wednesday. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $178.38.

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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