Prudential Financial Inc. Acquires 2,904 Shares of Jack Henry & Associates, Inc. $JKHY

Prudential Financial Inc. increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,717 shares of the technology company’s stock after purchasing an additional 2,904 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Jack Henry & Associates worth $7,516,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JKHY. Vanguard Group Inc. increased its holdings in shares of Jack Henry & Associates by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock worth $1,593,294,000 after buying an additional 43,974 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Jack Henry & Associates by 19.1% in 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 acquiring an additional 765,441 shares in the last quarter. Geode Capital Management LLC increased its stake in Jack Henry & Associates by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after acquiring an additional 61,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 22.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Jack Henry & Associates by 2.8% during the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock worth $142,190,000 after purchasing an additional 21,040 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the transaction, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $174.46 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.74 and a beta of 0.76. The company’s 50 day moving average price is $157.08 and its 200-day moving average price is $167.36.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 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 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of 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. DA Davidson lowered their price objective on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a report on Friday, October 17th. Finally, UBS Group decreased 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 report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $179.56.

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.