Bell Asset Management Ltd Increases Stock Position in Jack Henry & Associates, Inc. $JKHY

Bell Asset Management Ltd boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,997 shares of the technology company’s stock after purchasing an additional 839 shares during the period. Bell Asset Management Ltd’s holdings in Jack Henry & Associates were worth $3,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC boosted its position in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Jack Henry & Associates by 11.3% in the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock worth $121,000 after acquiring an additional 68 shares in the last quarter. Private Trust Co. NA boosted its holdings in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in Jack Henry & Associates by 4.7% during the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after purchasing an additional 73 shares in the last quarter. Finally, CX Institutional grew its stake in Jack Henry & Associates by 6.3% during the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. This represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JKHY shares. Royal Bank Of Canada cut 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. UBS Group dropped their price target on shares of 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. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Finally, Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $179.56.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $173.92 on Thursday. The stock has a market capitalization of $12.59 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The business’s fifty day moving average price is $156.24 and its 200 day moving average price is $167.37. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same period in the prior year, the company earned $1.63 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s payout ratio is presently 35.26%.

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.