Vanguard Group Inc. Lowers Stock Position in Jack Henry & Associates, Inc. $JKHY

Vanguard Group Inc. decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,761,219 shares of the technology company’s stock after selling 82,063 shares during the period. Vanguard Group Inc. owned about 12.06% of Jack Henry & Associates worth $1,304,808,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JKHY. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $27,000. Quent Capital LLC purchased a new position in Jack Henry & Associates during the third quarter worth approximately $33,000. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates in the second quarter valued at approximately $35,000. Private Trust Co. NA increased its position in shares of 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 buying an additional 71 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In related news, 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 value of $3,498,400.00. Following the completion of the sale, the director owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Down 1.2%

Shares of NASDAQ JKHY opened at $159.19 on Friday. The stock has a market cap of $11.49 billion, a PE ratio of 22.87, a P/E/G ratio of 2.45 and a beta of 0.71. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The company has a 50-day moving average of $179.58 and a 200 day moving average of $167.53.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The business had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.61 per share. The ex-dividend date is Thursday, March 5th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is presently 35.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Morgan Stanley boosted their target price on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $181.00 to $196.00 in a research report on Tuesday. Finally, Raymond James Financial upgraded 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.42.

About Jack Henry & Associates

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.