Thrivent Financial for Lutherans Cuts Stake in Jack Henry & Associates, Inc. $JKHY

Thrivent Financial for Lutherans cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 45.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,876 shares of the technology company’s stock after selling 99,918 shares during the period. Thrivent Financial for Lutherans owned 0.17% of Jack Henry & Associates worth $21,958,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JKHY. Vanguard Group Inc. grew its stake in Jack Henry & Associates by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock worth $1,593,294,000 after buying an additional 43,974 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 19.1% in 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 purchasing an additional 765,441 shares in the last quarter. State Street Corp grew its position in Jack Henry & Associates by 2.6% during the 2nd quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock worth $721,788,000 after purchasing an additional 102,534 shares during the last quarter. Geode Capital Management LLC increased its stake in Jack Henry & Associates by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after purchasing an additional 61,292 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jack Henry & Associates by 22.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JKHY shares. Wells Fargo & Company lifted their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $170.00 to $215.00 in a research report on Monday, December 8th. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective on the stock in a report on Thursday, November 20th. UBS Group decreased their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.44.

Insider Activity at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the sale, the director owned 128,133 shares in the company, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $186.91 on Wednesday. The business’s 50-day moving average is $164.94 and its two-hundred day moving average is $167.15. The company has a market capitalization of $13.53 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.24 and a beta of 0.73. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.33. The business had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.2%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

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.