Jack Henry & Associates, Inc. $JKHY Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 84.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,606 shares of the technology company’s stock after buying an additional 735 shares during the period. Parkside Financial Bank & Trust’s holdings in Jack Henry & Associates were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at $38,000. Private Trust Co. NA grew its position in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Assetmark Inc. increased its stake in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their price target for the stock from $179.00 to $187.00 in a research note on Thursday. UBS Group decreased their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. DA Davidson lowered their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada decreased their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.25.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $160.80 on Monday. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.74 and a beta of 0.76. The business has a 50-day moving average of $154.60 and a 200-day moving average of $167.91.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The business had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s payout ratio is currently 35.26%.

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.