Belpointe Asset Management LLC Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Belpointe Asset Management LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,223 shares of the technology company’s stock, valued at approximately $223,000.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after acquiring an additional 765,441 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Jack Henry & Associates by 3.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company’s stock valued at $249,615,000 after acquiring an additional 48,311 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Jack Henry & Associates by 8.9% in the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company’s stock valued at $183,970,000 after acquiring an additional 82,100 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Jack Henry & Associates by 22.9% in the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company’s stock valued at $146,418,000 after acquiring an additional 155,831 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Jack Henry & Associates by 2.8% in the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock valued at $142,190,000 after acquiring an additional 21,040 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a report on Thursday, August 21st. Robert W. Baird cut their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. DA Davidson set a $204.00 price target on Jack Henry & Associates in a report on Friday, August 22nd. UBS Group cut their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $182.33.

Jack Henry & Associates Stock Down 1.1%

Shares of JKHY opened at $158.43 on Tuesday. Jack Henry & Associates, Inc. has a 52 week low of $157.71 and a 52 week high of $196.00. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.85 and a beta of 0.79. The stock’s 50-day moving average price is $167.77 and its 200-day moving average price is $174.24.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities 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 Friday, September 26th. Investors of record on Friday, September 5th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is presently 37.18%.

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.