Ascent Group LLC Invests $233,000 in Jack Henry & Associates, Inc. $JKHY

Ascent Group LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,292 shares of the technology company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $38,000. Assetmark Inc. grew its holdings in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after buying an additional 149 shares in the last quarter. National Pension Service grew its holdings in shares of Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after buying an additional 115 shares in the last quarter. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates in the second quarter worth approximately $51,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JKHY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Robert W. Baird decreased 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 report on Wednesday, August 20th. Finally, Royal Bank Of Canada decreased their target price 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $178.38.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 sale, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Down 0.1%

JKHY opened at $149.43 on Thursday. The firm has a market capitalization of $10.86 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.68 and a beta of 0.78. The firm’s 50 day moving average is $158.60 and its 200-day moving average is $171.04. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00.

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, beating analysts’ consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. 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. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

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.