Mitsubishi UFJ Asset Management Co. Ltd. Cuts Holdings in Jack Henry & Associates, Inc. $JKHY

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 87.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 158,271 shares of the technology company’s stock after selling 1,107,873 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Jack Henry & Associates were worth $28,228,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates in the second quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $39,000. Quent Capital LLC acquired a new position in Jack Henry & Associates during the third quarter valued at $33,000. Finally, United Community Bank acquired a new position in Jack Henry & Associates during the fourth quarter valued at $41,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $145.84 on Friday. The firm’s 50 day moving average price is $158.51 and its 200-day moving average price is $168.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 4.31. Jack Henry & Associates, Inc. has a one year low of $141.81 and a one year high of $193.39. The firm has a market cap of $10.53 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.13 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Analyst Ratings Changes

JKHY has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday. DA Davidson cut their target price on shares of Jack Henry & Associates from $216.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.