Vest Financial LLC Sells 9,969 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Vest Financial reduced its Jack Henry & Associates stake by 30.7%, selling 9,969 shares during the third quarter and retaining 22,518 shares valued at approximately $3.23 million.
• Institutional ownership remains very high at 98.75%, with several major investors—including Van ECK Associates, Janus Henderson and Epoch Investment Partners—significantly increasing their positions.
• Jack Henry reported quarterly EPS of $1.57, beating estimates by $0.13, while revenue rose 4.6% year over year to $633.1 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $190, compared with a recent share price of $162.62.

Vest Financial LLC trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 30.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,518 shares of the technology company's stock after selling 9,969 shares during the quarter. Vest Financial LLC's holdings in Jack Henry & Associates were worth $3,225,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock valued at $180,213,000 after buying an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock valued at $170,430,000 after acquiring an additional 1,070,376 shares during the period. Bank of New York Mellon Corp purchased a new position in Jack Henry & Associates during the second quarter valued at approximately $87,669,000. Epoch Investment Partners Inc. grew its stake in Jack Henry & Associates by 82.4% during the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock valued at $107,718,000 after acquiring an additional 307,886 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Jack Henry & Associates by 214.3% during the first quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company's stock valued at $66,264,000 after acquiring an additional 285,893 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $162.62 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. The company has a fifty day moving average of $156.80 and a 200-day moving average of $148.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 7.29 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio is currently 35.01%.

Wall Street Analyst Weigh In

Several research analysts have commented on JKHY shares. Piper Sandler raised shares of Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 price target for the company in a report on Friday, October 9th. The Goldman Sachs Group upped their price target on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Stephens reiterated an "overweight" rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Weiss Ratings raised Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Finally, Wolfe Research boosted their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $190.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

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