Jack Henry & Associates, Inc. $JKHY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 95.1% during the third quarter, HoldingsChannel.com reports. The fund owned 5,980 shares of the technology company’s stock after selling 115,896 shares during the period. Thrivent Financial for Lutherans’ holdings in Jack Henry & Associates were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Integrated Wealth Concepts LLC boosted its position in shares of Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC boosted its holdings in shares of Jack Henry & Associates by 8.8% in the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after buying an additional 584 shares during the period. Woodline Partners LP boosted its holdings in shares of Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after buying an additional 1,778 shares during the period. Jane Street Group LLC purchased a new position in shares of Jack Henry & Associates in the first quarter worth approximately $9,430,000. Finally, Focus Partners Wealth raised its holdings in shares of Jack Henry & Associates by 15.1% during the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after acquiring an additional 182 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.5%

NASDAQ JKHY opened at $156.75 on Monday. 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 1-year low of $144.12 and a 1-year high of $196.00. The firm’s fifty day simple moving average is $182.11 and its 200-day simple moving average is $167.87. The company has a market capitalization of $11.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.71.

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

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on 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 directly owned 128,133 shares in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JKHY shares. UBS Group upped their price target on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their target price for the company from $179.00 to $187.00 in a report on Thursday, November 6th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Weiss Ratings raised Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average target price of $199.17.

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.