Rhumbline Advisers Cuts Position in Jack Henry & Associates, Inc. $JKHY

Rhumbline Advisers trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% during the 2nd quarter, Holdings Channel reports. The fund owned 167,070 shares of the technology company’s stock after selling 1,084 shares during the period. Rhumbline Advisers’ holdings in Jack Henry & Associates were worth $30,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JKHY. Summit Securities Group LLC bought a new stake in Jack Henry & Associates in the first quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in shares of Jack Henry & Associates in the 2nd quarter worth $27,000. 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 buying an additional 71 shares during the last quarter. Assetmark Inc. raised its position in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after buying an additional 149 shares in the last quarter. Finally, National Pension Service lifted its holdings 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 valued at $49,000 after acquiring an additional 115 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.2%

JKHY opened at $173.92 on Thursday. The business has a fifty day moving average of $156.24 and a 200 day moving average of $167.37. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The stock has a market cap of $12.59 billion, a P/E ratio of 27.87, a PEG ratio of 2.74 and a beta of 0.76.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The business had revenue of $636.11 million for 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 business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last 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 analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Insider Transactions at Jack Henry & Associates

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

Analyst Upgrades and Downgrades

JKHY has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price objective on 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. UBS Group cut their target price on 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. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a report on Thursday, November 20th. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research note on Friday, October 17th. Finally, Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $187.00 in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $179.56.

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.