Diversified Trust Co Raises Holdings in Jack Henry & Associates, Inc. $JKHY

Diversified Trust Co lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,784 shares of the technology company’s stock after purchasing an additional 242 shares during the period. Diversified Trust Co’s holdings in Jack Henry & Associates were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Axxcess Wealth Management LLC increased its stake in shares of Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after purchasing an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after acquiring an additional 64 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock worth $105,000 after acquiring an additional 68 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock worth $153,000 after acquiring an additional 75 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its position in Jack Henry & Associates by 7.0% during the first quarter. Portside Wealth Group LLC now owns 1,466 shares of the technology company’s stock worth $257,000 after acquiring an additional 96 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JKHY. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. 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. Robert W. Baird decreased their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods decreased their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating on the stock in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $182.33.

Jack Henry & Associates Stock Up 1.0%

Shares of JKHY opened at $151.50 on Thursday. The firm has a market cap of $11.01 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79. The company’s fifty day moving average is $164.47 and its two-hundred day moving average is $173.02. Jack Henry & Associates, Inc. has a fifty-two week low of $149.38 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same quarter last year, the firm posted $1.33 EPS. The business’s revenue for the quarter 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 research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 37.18%.

Jack Henry & Associates Company 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.