Vident Advisory LLC Reduces Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• Vident Advisory LLC reduced its stake in Jack Henry & Associates by 73.3% in the first quarter, holding 4,549 shares worth $831,000 after selling 12,473 shares.
• Wall Street analysts have lowered price targets for Jack Henry & Associates, with a current average target of $182.33 and a consensus rating of "Hold."
• The company recently reported $1.75 EPS for the quarter, surpassing estimates, and has announced a quarterly dividend of $0.58 to be paid on September 26th.

Vident Advisory LLC decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 73.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,549 shares of the technology company's stock after selling 12,473 shares during the quarter. Vident Advisory LLC's holdings in Jack Henry & Associates were worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Jack Henry & Associates by 19.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after acquiring an additional 765,441 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock worth $249,615,000 after acquiring an additional 48,311 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after acquiring an additional 82,100 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 22.9% during the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock worth $146,418,000 after acquiring an additional 155,831 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Jack Henry & Associates by 2.8% during the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company's stock worth $142,190,000 after acquiring an additional 21,040 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price target on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 price target 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, August 30th. UBS Group decreased their price target on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Finally, Robert W. Baird decreased their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates Stock Up 0.2%

Shares of NASDAQ JKHY opened at $161.87 on Friday. The business has a fifty day simple moving average of $170.51 and a two-hundred day simple moving average of $174.68. The firm has a market cap of $11.80 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.90 and a beta of 0.79. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results 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. The business had revenue of $615.37 million during the quarter, compared to analyst estimates 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 revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates's payout ratio is presently 37.18%.

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 stock was sold at an average price of $167.28, for a total value 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. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.37% of the company's stock.

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.

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