Wellington Management Group LLP Sells 3,673 Shares of Jack Henry & Associates, Inc. $JKHY

Wellington Management Group LLP decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 71.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,488 shares of the technology company’s stock after selling 3,673 shares during the period. Wellington Management Group LLP’s holdings in Jack Henry & Associates were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Essential Partners LLC increased its position in shares of Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. Larson Financial Group LLC lifted its position in Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates in the second quarter worth approximately $35,000. Finally, SJS Investment Consulting Inc. boosted its stake in Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after buying an additional 236 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Barclays boosted their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Piper Sandler began coverage on shares of Jack Henry & Associates in a report on Thursday. They set a “neutral” rating and a $171.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $200.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $192.00.

Jack Henry & Associates Price Performance

JKHY opened at $161.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $157.31 and its 200 day simple moving average is $151.24. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.82 and a beta of 0.56. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 7.36 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is currently 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.