Jack Henry & Associates, Inc. $JKHY Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 252.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,801 shares of the technology company’s stock after acquiring an additional 8,452 shares during the quarter. SG Americas Securities LLC’s holdings in Jack Henry & Associates were worth $2,126,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Jack Henry & Associates by 19.1% during the first 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 during the period. Geode Capital Management LLC increased its holdings in shares of Jack Henry & Associates by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock worth $376,816,000 after buying an additional 61,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Jack Henry & Associates by 22.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after buying an additional 301,600 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Jack Henry & Associates by 2.8% during the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock valued at $142,190,000 after buying an additional 21,040 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $114,306,000 after acquiring an additional 6,342 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $165.80 on Thursday. The company has a market cap of $12.00 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.74 and a beta of 0.76. The stock has a 50-day moving average of $155.08 and a two-hundred day moving average of $167.50. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be paid a $0.58 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates’s payout ratio is 35.26%.

Insider Buying and Selling at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on JKHY. Wells Fargo & Company raised their target price on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. DA Davidson decreased their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. UBS Group lowered their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada reduced their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.25.

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.