Charles Schwab Investment Management Inc. Grows Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Charles Schwab Investment Management Inc. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 635,670 shares of the technology company’s stock after acquiring an additional 9,679 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of Jack Henry & Associates worth $114,529,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Management Group Inc. bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $331,000. Mufg Securities Americas Inc. boosted its stake in Jack Henry & Associates by 25.1% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,614 shares of the technology company’s stock worth $291,000 after purchasing an additional 324 shares during the period. Dundas Partners LLP purchased a new position in Jack Henry & Associates during the 2nd quarter valued at about $522,000. Franklin Resources Inc. grew its holdings in Jack Henry & Associates by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 9,318 shares of the technology company’s stock valued at $1,679,000 after buying an additional 361 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Jack Henry & Associates by 1.8% during the second quarter. DNB Asset Management AS now owns 12,573 shares of the technology company’s stock valued at $2,265,000 after buying an additional 221 shares during the period. 98.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $173.92 on Friday. The company’s fifty day moving average price is $156.63 and its 200-day moving average price is $167.41. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.74 and a beta of 0.76. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $634.42 million. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s quarterly 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, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JKHY shares. The Goldman Sachs Group raised their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Wells Fargo & Company increased their target price on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a report on Thursday, November 20th. Finally, Keefe, Bruyette & Woods lowered their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $179.56.

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.