Jack Henry & Associates, Inc. $JKHY Shares Sold by Strive Financial Group LLC

Strive Financial Group LLC trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 56.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,126 shares of the technology company’s stock after selling 5,442 shares during the quarter. Strive Financial Group LLC’s holdings in Jack Henry & Associates were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Essential Partners LLC grew its stake in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. Finally, SJS Investment Consulting Inc. raised its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Barclays raised their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research report on Friday, May 8th. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Finally, Wolfe Research lifted their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $165.64 on Friday. The firm has a market cap of $11.61 billion, a PE ratio of 23.76, a P/E/G ratio of 1.89 and a beta of 0.56. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $155.39 and a 200 day moving average price of $151.16.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.Jack Henry & Associates’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 7.41 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s payout ratio is presently 35.01%.

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.