Ballentine Partners LLC Purchases 396 Shares of Jack Henry & Associates, Inc. $JKHY

Ballentine Partners LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067 shares of the technology company’s stock after purchasing an additional 396 shares during the period. Ballentine Partners LLC’s holdings in Jack Henry & Associates were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JKHY. 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. RGM Capital LLC bought a new position in Jack Henry & Associates during the 1st quarter valued at about $58,951,000. Nuveen LLC bought a new position in Jack Henry & Associates during the 1st quarter valued at about $31,463,000. Millennium Management LLC lifted its stake in Jack Henry & Associates by 535.1% during the 1st quarter. Millennium Management LLC now owns 161,180 shares of the technology company’s stock valued at $29,431,000 after acquiring an additional 135,801 shares during the period. Finally, Kodai Capital Management LP lifted its stake in Jack Henry & Associates by 34,328.8% during the 1st quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company’s stock valued at $17,037,000 after acquiring an additional 93,031 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.6%

Jack Henry & Associates stock opened at $149.38 on Friday. The firm has a 50 day moving average of $163.27 and a 200 day moving average of $172.54. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.66 and a beta of 0.79. Jack Henry & Associates, Inc. has a 12-month low of $148.30 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same period last year, the firm posted $1.33 EPS. The company’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 37.18%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JKHY. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating on the stock in a research note on Thursday, August 21st. Robert W. Baird lowered their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. UBS Group lowered their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $182.33.

Jack Henry & Associates Profile

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.