Copeland Capital Management LLC Sells 4,524 Shares of Jack Henry & Associates, Inc. $JKHY

Copeland Capital Management LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 162,103 shares of the technology company’s stock after selling 4,524 shares during the period. Copeland Capital Management LLC’s holdings in Jack Henry & Associates were worth $25,619,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Jack Henry & Associates by 68.9% during the first quarter. Bessemer Group Inc. now owns 2,315 shares of the technology company’s stock worth $366,000 after buying an additional 944 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Jack Henry & Associates by 5.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,102 shares of the technology company’s stock valued at $638,000 after acquiring an additional 206 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $323,000. Twin Capital Management Inc. bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $682,000. Finally, Illinois Municipal Retirement Fund grew its position in Jack Henry & Associates by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 37,005 shares of the technology company’s stock worth $5,848,000 after acquiring an additional 599 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $151.67 on Friday. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The company’s 50 day simple moving average is $137.41 and its 200-day simple moving average is $156.46. The stock has a market capitalization of $10.78 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The firm had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the previous year, the company posted $1.52 EPS. Jack Henry & Associates’s revenue was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Insiders Place Their Bets

In other news, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Loop Capital assumed coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective for the company. The Goldman Sachs Group decreased their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a report on Friday, May 8th. Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Finally, Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

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.