Global Retirement Partners LLC Invests $479,000 in Jack Henry & Associates, Inc. $JKHY

Global Retirement Partners LLC acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,661 shares of the technology company’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in Jack Henry & Associates in the second quarter valued at $27,000. Private Trust Co. NA boosted its position in Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after acquiring an additional 71 shares during the last quarter. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares during the period. Finally, National Pension Service grew its holdings in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut their target price 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. UBS Group reduced their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Raymond James Financial upgraded shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective for the company in a research note on Thursday, November 20th. DA Davidson cut their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group raised their price target on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $179.56.

Insider Activity at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the firm’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 transaction, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Jack Henry & Associates Trading Up 0.3%

Shares of JKHY stock opened at $174.46 on Friday. The firm has a fifty day simple moving average of $157.08 and a two-hundred day simple moving average of $167.29. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The firm has a market capitalization of $12.63 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.

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

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s payout ratio is currently 35.26%.

About Jack Henry & Associates

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.