Jack Henry & Associates, Inc. $JKHY Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Jack Henry & Associates by 2.8%, bringing its total holdings to 587,907 shares valued at approximately $107.35 million.
• Jack Henry & Associates reported a quarterly earnings per share of $1.75, exceeding expectations and reflecting a 9.9% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.58 per share, with a dividend yield of 1.4%, set to be paid to shareholders on September 26th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 587,907 shares of the technology company's stock after purchasing an additional 15,933 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.81% of Jack Henry & Associates worth $107,352,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Woodline Partners LP raised its stake in Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company's stock worth $1,125,000 after purchasing an additional 1,778 shares during the period. Empowered Funds LLC raised its stake in Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company's stock worth $1,312,000 after purchasing an additional 584 shares during the period. MBB Public Markets I LLC purchased a new position in Jack Henry & Associates during the first quarter worth about $329,000. United Services Automobile Association purchased a new position in Jack Henry & Associates during the first quarter worth about $273,000. Finally, Ashton Thomas Private Wealth LLC raised its stake in Jack Henry & Associates by 12.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,545 shares of the technology company's stock worth $282,000 after purchasing an additional 172 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on JKHY. UBS Group reduced their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a report on Thursday, August 21st. Robert W. Baird decreased their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $182.33.

Jack Henry & Associates Stock Down 1.0%

NASDAQ JKHY traded down $1.61 on Thursday, hitting $158.18. 282,546 shares of the stock were exchanged, compared to its average volume of 646,210. Jack Henry & Associates, Inc. has a fifty-two week low of $157.36 and a fifty-two week high of $196.00. The company has a market cap of $11.53 billion, a PE ratio of 25.36, a PEG ratio of 2.84 and a beta of 0.79. The company has a 50-day moving average price of $166.95 and a 200-day moving average price of $174.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate 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 company had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. During the same quarter in the previous year, the business posted $1.33 EPS. The firm's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts predict 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 will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates's payout ratio is 37.18%.

Insiders Place Their Bets

In related 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 completion of the sale, the director directly owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

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.