Jack Henry & Associates, Inc. $JKHY Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 45.9% in the second quarter, HoldingsChannel reports. The firm owned 19,434 shares of the technology company’s stock after selling 16,500 shares during the quarter. Korea Investment CORP’s holdings in Jack Henry & Associates were worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC lifted its stake in Jack Henry & Associates by 12.1% in the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. grew its position in shares of Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock worth $121,000 after acquiring an additional 68 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the period. Phillips Wealth Planners LLC lifted its position in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Finally, CX Institutional lifted its position in Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after purchasing an additional 75 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $174.20 on Tuesday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The business’s fifty day moving average is $157.53 and its 200-day moving average is $167.17. The stock has a market cap of $12.61 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 22.60% and a net margin of 19.19%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. Jack Henry & Associates’s payout ratio is currently 35.26%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JKHY shares. UBS Group decreased their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Keefe, Bruyette & Woods decreased their price target on 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. The Goldman Sachs Group lifted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $179.56.

Insider Activity at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by insiders.

About Jack Henry & Associates

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.