HB Wealth Management LLC Makes New $240,000 Investment in Jack Henry & Associates, Inc. $JKHY

HB Wealth Management LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,334 shares of the technology company’s stock, valued at approximately $240,000.

Several other institutional investors also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Jack Henry & Associates by 19.1% in the first 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 purchasing an additional 765,441 shares during the last quarter. RGM Capital LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth $58,951,000. Nuveen LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth $31,463,000. Millennium Management LLC lifted its position in shares of Jack Henry & Associates by 535.1% during the first quarter. Millennium Management LLC now owns 161,180 shares of the technology company’s stock worth $29,431,000 after acquiring an additional 135,801 shares in the last quarter. Finally, Kodai Capital Management LP lifted its position in shares of Jack Henry & Associates by 34,328.8% during the first quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company’s stock worth $17,037,000 after acquiring an additional 93,031 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the firm’s 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 transaction, the director directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JKHY shares. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Royal Bank Of Canada dropped their target price on 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. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $178.38.

Jack Henry & Associates Stock Up 1.3%

JKHY opened at $149.63 on Wednesday. The business’s fifty day simple moving average is $159.08 and its 200 day simple moving average is $171.19. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The stock has a market cap of $10.87 billion, a PE ratio of 23.98, a P/E/G ratio of 2.65 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $602.20 million. During the same period last year, the firm earned $1.33 earnings per share. The company’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 analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 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.