Amundi Buys 160,492 Shares of Jack Henry & Associates, Inc. $JKHY

Amundi grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 80.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,892 shares of the technology company’s stock after purchasing an additional 160,492 shares during the period. Amundi owned about 0.49% of Jack Henry & Associates worth $64,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after acquiring an additional 6,342 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Jack Henry & Associates in the 2nd quarter worth about $74,302,000. Jane Street Group LLC bought a new position in Jack Henry & Associates in the first quarter valued at about $9,430,000. Nomura Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 9.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 31,872 shares of the technology company’s stock valued at $5,742,000 after purchasing an additional 2,680 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in shares of Jack Henry & Associates by 112.2% during the second quarter. Achmea Investment Management B.V. now owns 12,650 shares of the technology company’s stock valued at $2,280,000 after purchasing an additional 6,689 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $170.00 to $215.00 in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their price target for the company from $179.00 to $187.00 in a research note on Thursday, November 6th. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research note on Friday, October 17th. Finally, UBS Group decreased their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.56.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the sale, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Trading Down 0.4%

JKHY opened at $180.99 on Tuesday. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $160.36 and a 200-day moving average of $166.98. The stock has a market cap of $13.10 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 3.14 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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. The business had revenue of $636.11 million for the quarter, compared to analyst estimates of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. Jack Henry & Associates’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. Jack Henry & Associates’s dividend 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.