Valley National Advisers Inc. Trims Position in Jack Henry & Associates, Inc. $JKHY

Valley National Advisers Inc. cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 31.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173 shares of the technology company’s stock after selling 78 shares during the quarter. Valley National Advisers Inc.’s holdings in Jack Henry & Associates were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JKHY. Axxcess Wealth Management LLC raised its holdings in Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after buying an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock valued at $569,000 after acquiring an additional 64 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock worth $105,000 after acquiring an additional 68 shares during the last quarter. Phillips Wealth Planners LLC lifted its position in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after acquiring an additional 73 shares in the last quarter. Finally, CX Institutional lifted its position in Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.0%

Jack Henry & Associates stock opened at $147.69 on Tuesday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The company has a market cap of $10.73 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.62 and a beta of 0.78. The business has a 50-day simple moving average of $159.59 and a two-hundred day simple moving average of $171.34.

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

Jack Henry & Associates Dividend Announcement

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

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director directly owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JKHY. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Robert W. Baird reduced their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $178.38.

About Jack Henry & Associates

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.