Allspring Global Investments Holdings LLC Sells 37,437 Shares of Jack Henry & Associates, Inc. $JKHY

Allspring Global Investments Holdings LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 37.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 63,298 shares of the technology company’s stock after selling 37,437 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Jack Henry & Associates were worth $11,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its position in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after purchasing an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock worth $114,306,000 after purchasing an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. increased its position in Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock worth $118,550,000 after purchasing an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. increased its position in Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock worth $974,000 after purchasing an additional 4,821 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Keefe, Bruyette & Woods reduced their price target 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 set a $172.00 price target on shares of Jack Henry & Associates in a research report on Friday. UBS Group cut their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.25.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction 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 approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Down 0.0%

JKHY stock opened at $152.93 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. The firm’s fifty day simple moving average is $156.63 and its two-hundred day simple moving average is $169.67.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. The business had revenue of $615.37 million for the quarter, compared to analysts’ expectations 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 revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s payout ratio is currently 37.18%.

Jack Henry & Associates Company 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.