Aberdeen Group plc Sells 4,181 Shares of Jack Henry & Associates, Inc. $JKHY

Aberdeen Group plc lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,539 shares of the technology company’s stock after selling 4,181 shares during the period. Aberdeen Group plc owned approximately 0.07% of Jack Henry & Associates worth $7,080,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JKHY. Modera Wealth Management LLC purchased a new position in Jack Henry & Associates in the 3rd quarter worth about $3,298,000. Artisan Partners Limited Partnership purchased a new position in Jack Henry & Associates in the second quarter worth $74,302,000. Teacher Retirement System of Texas increased its holdings in shares of Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after acquiring an additional 76,746 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Jack Henry & Associates in the third quarter worth $998,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after purchasing an additional 32,468 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $159.19 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $179.58 and its 200 day moving average price is $167.53. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The stock has a market capitalization of $11.49 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.45 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data 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 analysts’ expectations of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. Jack Henry & Associates’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous 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 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.61 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is currently 33.33%.

Insider Transactions at Jack Henry & Associates

In other news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

JKHY has been the subject of several analyst reports. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Thursday, February 5th. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Thursday, February 5th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. Finally, Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $187.00 in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Company Profile

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.