1,292 Shares in Jack Henry & Associates, Inc. $JKHY Bought by Ascent Group LLC

Ascent Group LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,292 shares of the technology company’s stock, valued at approximately $233,000.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Jack Henry & Associates during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter worth $38,000. Assetmark Inc. lifted its stake in shares of Jack Henry & Associates by 147.5% in the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares during the period. National Pension Service lifted its stake in shares of Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after acquiring an additional 115 shares during the period. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter worth $51,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on JKHY shares. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Royal Bank Of Canada reduced their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Finally, Robert W. Baird reduced their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $178.38.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% 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 Stock Down 0.1%

Shares of JKHY opened at $149.43 on Thursday. The company has a 50-day simple moving average of $158.60 and a 200-day simple moving average of $171.04. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The company has a market capitalization of $10.86 billion, a PE ratio of 23.95, a P/E/G ratio of 2.68 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same period last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 37.18%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.