Assetmark Inc. Boosts Stock Position in Jack Henry & Associates, Inc. $JKHY

Assetmark Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 258.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 896 shares of the technology company’s stock after purchasing an additional 646 shares during the period. Assetmark Inc.’s holdings in Jack Henry & Associates were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates in the first quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in Jack Henry & Associates during the 2nd quarter worth $27,000. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates during the 1st quarter worth $38,000. Private Trust Co. NA increased its position in shares of Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Finally, National Pension Service raised its stake in shares of Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock valued at $49,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $160.80 on Friday. The firm has a market cap of $11.68 billion, a PE ratio of 25.77, a P/E/G ratio of 2.74 and a beta of 0.76. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The firm has a 50 day simple moving average of $154.60 and a 200 day simple moving average of $167.95.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JKHY shares. UBS Group decreased their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Finally, Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $179.00 to $187.00 in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $177.25.

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.