Copeland Capital Management LLC Decreases Stake in Jack Henry & Associates, Inc. $JKHY

Copeland Capital Management LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,546 shares of the technology company’s stock after selling 9,983 shares during the period. Copeland Capital Management LLC owned approximately 0.24% of Jack Henry & Associates worth $25,697,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Artisan Partners Limited Partnership purchased a new position in Jack Henry & Associates during the second quarter valued at approximately $74,302,000. Jane Street Group LLC purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $9,430,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Jack Henry & Associates by 9.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 31,872 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 2,680 shares during the period. Achmea Investment Management B.V. increased its holdings in shares of Jack Henry & Associates by 112.2% during the 2nd 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 22.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction 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 transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. The Goldman Sachs Group increased their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus price target of $190.44.

Jack Henry & Associates Trading Up 0.2%

Shares of JKHY stock opened at $186.42 on Tuesday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s fifty day moving average is $170.91 and its two-hundred day moving average is $167.47. The firm has a market capitalization of $13.49 billion, a P/E ratio of 28.33, a PEG ratio of 3.22 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The business 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 19.86% and a return on equity of 23.11%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.