QRG Capital Management Inc. Has $218,000 Position in Jack Henry & Associates, Inc. $JKHY

QRG Capital Management Inc. increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,211 shares of the technology company’s stock after purchasing an additional 79 shares during the quarter. QRG Capital Management Inc.’s holdings in Jack Henry & Associates were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 19.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock worth $872,631,000 after buying an additional 765,441 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Jack Henry & Associates by 3.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company’s stock worth $249,615,000 after buying an additional 48,311 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Jack Henry & Associates by 2.8% during the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock worth $142,190,000 after buying an additional 21,040 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock worth $118,550,000 after buying an additional 82,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock worth $114,306,000 after buying an additional 6,342 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

JKHY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Robert W. Baird cut their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group cut their price target 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. Finally, Royal Bank Of Canada cut their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $178.38.

Jack Henry & Associates Trading Up 1.5%

JKHY opened at $151.54 on Monday. The stock has a market cap of $11.01 billion, a PE ratio of 24.29, a P/E/G ratio of 2.71 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The stock’s 50 day simple moving average is $157.87 and its 200-day simple moving average is $170.60.

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

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is 37.18%.

Jack Henry & Associates Company 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.