J. Safra Sarasin Holding AG Lowers Position in Jack Henry & Associates, Inc. $JKHY

J. Safra Sarasin Holding AG lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 58.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,363 shares of the technology company’s stock after selling 7,506 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Jack Henry & Associates were worth $799,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JKHY. Hantz Financial Services Inc. acquired a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $27,000. Quent Capital LLC purchased a new stake in shares of Jack Henry & Associates during the third quarter worth $33,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at $35,000. Private Trust Co. NA boosted its holdings in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

JKHY has been the subject of several analyst reports. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a report on Thursday, November 20th. UBS Group lifted their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $198.18.

Jack Henry & Associates Stock Down 1.0%

Shares of NASDAQ:JKHY opened at $177.94 on Friday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.10 and a beta of 0.73. The firm’s 50-day simple moving average is $183.14 and its 200-day simple moving average is $168.56. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

Insider Transactions at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction that occurred 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 sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.