Jack Henry & Associates, Inc. $JKHY Position Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,435 shares of the technology company’s stock after selling 1,146 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Jack Henry & Associates were worth $4,583,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its stake in shares of Jack Henry & Associates by 23.7% during the second quarter. Ballentine Partners LLC now owns 2,067 shares of the technology company’s stock valued at $372,000 after purchasing an additional 396 shares in the last quarter. Charter Capital Management LLC DE bought a new stake in shares of Jack Henry & Associates during the second quarter valued at about $240,000. Fifth Third Bancorp grew its holdings in Jack Henry & Associates by 6.8% during the second quarter. Fifth Third Bancorp now owns 1,799 shares of the technology company’s stock worth $324,000 after acquiring an additional 115 shares during the period. GAMMA Investing LLC grew its holdings in Jack Henry & Associates by 37.3% during the second quarter. GAMMA Investing LLC now owns 3,514 shares of the technology company’s stock worth $633,000 after acquiring an additional 955 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Jack Henry & Associates by 4.6% during the second quarter. Park Avenue Securities LLC now owns 5,109 shares of the technology company’s stock worth $920,000 after acquiring an additional 226 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $151.17 on Tuesday. Jack Henry & Associates, Inc. has a fifty-two week low of $148.30 and a fifty-two week high of $196.00. The stock’s 50-day moving average is $162.76 and its two-hundred day moving average is $172.35. The stock has a market cap of $10.99 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same quarter in the previous year, the business posted $1.33 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s payout ratio is currently 37.18%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. UBS Group lowered their target price 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. Robert W. Baird lowered their target price 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. Finally, Royal Bank Of Canada lowered their target price 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. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $182.33.

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.