Jack Henry & Associates, Inc. $JKHY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,153 shares of the technology company’s stock after selling 21,834 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Jack Henry & Associates worth $7,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Jack Henry & Associates in the 2nd quarter valued at $115,471,000. Artisan Partners Limited Partnership acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter worth $74,302,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jack Henry & Associates by 22.1% in the second 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 acquiring an additional 301,600 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Jack Henry & Associates during the second quarter worth about $33,853,000. Finally, Amundi increased its stake in shares of Jack Henry & Associates by 80.5% during the second quarter. Amundi now owns 359,892 shares of the technology company’s stock worth $64,572,000 after acquiring an additional 160,492 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Raymond James Financial raised 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 note on Thursday, November 20th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Weiss Ratings raised Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Morgan Stanley increased their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.17.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $156.75 on Friday. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.40 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.49. The business’s 50 day simple moving average is $182.11 and its 200-day simple moving average is $167.96. 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 released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.29. The firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.Jack Henry & Associates’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is currently 33.33%.

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.