TD Asset Management Inc Has $98.70 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• TD Asset Management Inc reduced its stake in Jack Henry & Associates, owning about $98.70 million worth of shares after selling 41,747 shares, which represents a 7.1% decrease in its position.
• Insider transactions included Director David B. Foss selling 5,780 shares for approximately $966,878, marking a decrease in his ownership of the stock.
• Equities analysts have set a consensus rating of "Hold" on Jack Henry & Associates, with a price target ranging from $155 to $204 in recent evaluations.

TD Asset Management Inc lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 547,812 shares of the technology company's stock after selling 41,747 shares during the quarter. TD Asset Management Inc owned about 0.75% of Jack Henry & Associates worth $98,699,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in 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 buying an additional 149 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after buying an additional 6,342 shares during the period. Tandem Investment Advisors Inc. lifted its stake in Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after buying an additional 82,414 shares during the period. Bridges Investment Management Inc. lifted its stake in Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after buying an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after buying an additional 4,821 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JKHY shares. Robert W. Baird cut their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $173.00 to $155.00 and set a "neutral" rating for the company in a report on Monday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Two research 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. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $174.88.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $154.12 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The business has a 50-day moving average of $157.27 and a two-hundred day moving average of $170.30. The company has a market capitalization of $11.20 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. The business had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.Jack Henry & Associates's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.