Atria Investments Inc Sells 9,381 Shares of Jack Henry & Associates, Inc. $JKHY

Atria Investments Inc trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,268 shares of the technology company’s stock after selling 9,381 shares during the period. Atria Investments Inc’s holdings in Jack Henry & Associates were worth $3,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of JKHY. Norges Bank bought a new stake in Jack Henry & Associates during the second quarter worth $115,471,000. Artisan Partners Limited Partnership bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $74,302,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Jack Henry & Associates during the second quarter worth about $33,853,000. Finally, Amundi grew its holdings in 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 purchasing an additional 160,492 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price objective on shares of 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 shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Finally, Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.17.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $156.75 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.71. The company has a 50 day moving average of $182.11 and a 200-day moving average of $167.87. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.29. The company had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, March 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In other news, Director David B. Foss sold 20,000 shares of the stock in a transaction dated 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 owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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.