Jack Henry & Associates, Inc. $JKHY Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,046 shares of the technology company’s stock after selling 778 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,822,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP increased its holdings in Jack Henry & Associates by 21.4% in the 4th quarter. Two Sigma Advisers LP now owns 3,400 shares of the technology company’s stock valued at $596,000 after purchasing an additional 600 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $4,974,000. Wellington Management Group LLP grew its stake in shares of Jack Henry & Associates by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company’s stock valued at $506,000 after buying an additional 423 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock valued at $153,000 after buying an additional 75 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Jack Henry & Associates by 22.0% during the 1st quarter. Parallel Advisors LLC now owns 5,192 shares of the technology company’s stock valued at $948,000 after buying an additional 937 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the sale, the director owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Price Performance

JKHY opened at $149.38 on Monday. The stock has a market capitalization of $10.86 billion, a PE ratio of 23.94, a P/E/G ratio of 2.66 and a beta of 0.79. The firm’s fifty day moving average price is $163.27 and its 200 day moving average price is $172.52. Jack Henry & Associates, Inc. has a 12-month low of $148.30 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s payout ratio is currently 37.18%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of analyst reports. Robert W. Baird dropped their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada lowered their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday, August 21st. UBS Group dropped their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Keefe, Bruyette & Woods cut their price objective on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating on the stock in a report on Thursday, August 21st. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $182.33.

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.