Capital Group Private Client Services Inc. Sells 118,045 Shares of Jack Henry & Associates, Inc. $JKHY

Capital Group Private Client Services Inc. lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 85.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,744 shares of the technology company’s stock after selling 118,045 shares during the period. Capital Group Private Client Services Inc.’s holdings in Jack Henry & Associates were worth $3,089,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its position in shares of Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank grew its stake in Jack Henry & Associates by 14.5% in the 3rd quarter. Huntington National Bank now owns 615 shares of the technology company’s stock worth $92,000 after buying an additional 78 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Jack Henry & Associates by 0.4% in the 2nd quarter. Tidal Investments LLC now owns 19,435 shares of the technology company’s stock worth $3,502,000 after buying an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Jack Henry & Associates by 1.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,930 shares of the technology company’s stock valued at $1,609,000 after buying an additional 89 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its position in shares of Jack Henry & Associates by 29.7% during the 3rd quarter. Missouri Trust & Investment Co now owns 402 shares of the technology company’s stock valued at $60,000 after buying an additional 92 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of several research reports. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a research note on Thursday, November 20th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $171.02 on Wednesday. The company’s fifty day simple moving average is $174.49 and its two-hundred day simple moving average is $167.79. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $193.39. The firm has a market cap of $12.34 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 EPS 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 net margin of 20.59% and a return on equity of 23.75%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be issued a dividend of $0.61 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 5th. Jack Henry & Associates’s dividend payout ratio is currently 35.06%.

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.