Allianz Asset Management GmbH Sells 2,356 Shares of Jack Henry & Associates, Inc. $JKHY

Allianz Asset Management GmbH lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,636 shares of the technology company’s stock after selling 2,356 shares during the quarter. Allianz Asset Management GmbH’s holdings in Jack Henry & Associates were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after buying an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock worth $114,306,000 after buying an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in shares of Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock worth $118,550,000 after buying an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock worth $1,227,000 after buying an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Jack Henry & Associates by 928.9% during the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock worth $974,000 after buying an additional 4,821 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on JKHY shares. Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. 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 note on Thursday, August 21st. Wells Fargo & Company upgraded shares of Jack Henry & Associates to a “hold” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group cut their price target on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $174.00.

Jack Henry & Associates Stock Up 0.1%

JKHY stock opened at $155.83 on Monday. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.82 and a beta of 0.78. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The company’s fifty day simple moving average is $156.21 and its 200 day simple moving average is $169.15.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million for 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%. Jack Henry & Associates’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio 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.