Jack Henry & Associates, Inc. $JKHY Holdings Cut by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Jack Henry & Associates by 25.7% in Q1, selling 25,292 shares, resulting in ownership of 73,144 shares valued at approximately $13.36 million.
• Several large investors have increased their holdings in Jack Henry & Associates, with notable raises from firms like Assetmark Inc. (147.5% increase) and Tandem Investment Advisors Inc. (14.5% increase).
• Jack Henry & Associates announced a quarterly dividend of $0.58 per share, which equates to an annualized yield of 1.5% and reflects a dividend payout ratio of 37.18%.

Voya Investment Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 25.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,144 shares of the technology company's stock after selling 25,292 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Jack Henry & Associates worth $13,356,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JKHY. Summit Securities Group LLC bought a new position in Jack Henry & Associates during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at approximately $38,000. Assetmark Inc. increased its holdings in shares of 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 purchasing an additional 149 shares during the last quarter. National Pension Service grew its stake in shares of Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after acquiring an additional 115 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Jack Henry & Associates during the first quarter worth about $59,000. Institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on JKHY. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. UBS Group dropped their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Robert W. Baird dropped their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Royal Bank Of Canada lowered their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $182.33.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $2.50 during midday trading on Friday, reaching $151.97. 3,452,842 shares of the company's stock traded hands, compared to its average volume of 694,997. The company has a market cap of $11.07 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79. The stock has a 50 day moving average of $165.98 and a 200-day moving average of $173.71. Jack Henry & Associates, Inc. has a 12 month low of $151.69 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The company 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%.The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior 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 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates's dividend 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 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company's stock.

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.