State of New Jersey Common Pension Fund D Cuts Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Jack Henry & Associates, Inc. by 8.6%, owning 22,459 shares valued at $4.10 million after selling 2,113 shares in the first quarter.
• Jack Henry & Associates reported a 9.9% year-over-year revenue increase with earnings per share of $1.75, exceeding the consensus estimate by $0.25 during its latest quarterly earnings announcement.
• Institutional investors currently hold 98.75% of Jack Henry's stock, with various hedge funds making adjustments to their positions in the company, indicating strong institutional interest.

State of New Jersey Common Pension Fund D decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,459 shares of the technology company's stock after selling 2,113 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Jack Henry & Associates were worth $4,101,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JKHY. Walleye Capital LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth approximately $455,000. Guggenheim Capital LLC lifted its position in Jack Henry & Associates by 67.3% during the fourth quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company's stock worth $740,000 after buying an additional 1,697 shares in the last quarter. Freedom Investment Management Inc. lifted its position in Jack Henry & Associates by 4.5% during the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after buying an additional 85 shares in the last quarter. Forum Financial Management LP purchased a new position in Jack Henry & Associates during the fourth quarter worth approximately $235,000. Finally, Dimensional Fund Advisors LP lifted its position in Jack Henry & Associates by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company's stock worth $93,936,000 after buying an additional 7,692 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.4%

Shares of NASDAQ JKHY traded up $2.30 during trading on Friday, reaching $165.56. The stock had a trading volume of 768,870 shares, compared to its average volume of 821,861. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.71. The business's 50-day moving average price is $173.70 and its 200-day moving average price is $175.23. The company has a market cap of $12.06 billion, a P/E ratio of 26.53, a PEG ratio of 2.91 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued 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 return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The company's 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 research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of analyst reports. 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 report on Thursday. Royal Bank Of Canada reduced their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research report on Thursday. UBS Group reduced 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. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, DA Davidson restated a "buy" rating and issued a $212.00 target price on shares of Jack Henry & Associates in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average target price of $183.50.

Jack Henry & Associates Company 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.