Jack Henry & Associates, Inc. $JKHY Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 79.5% in the 2nd quarter, Holdings Channel reports. The firm owned 57,354 shares of the technology company’s stock after selling 223,087 shares during the quarter. Marshall Wace LLP’s holdings in Jack Henry & Associates were worth $10,333,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the first quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $27,000. Private Trust Co. NA lifted its position in Jack Henry & Associates by 49.0% during 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 in the last quarter. National Pension Service boosted its holdings in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after acquiring an additional 115 shares during the period. Finally, Steph & Co. purchased a new position in Jack Henry & Associates in the 2nd quarter worth approximately $51,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 2.6%

JKHY opened at $184.92 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $13.38 billion, a PE ratio of 28.10, a P/E/G ratio of 3.11 and a beta of 0.73. The firm’s fifty day moving average price is $161.76 and its 200 day moving average price is $167.09.

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 the consensus estimate of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, 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 will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio is presently 35.26%.

Insider Buying and Selling

In related news, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director directly owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This represents a 13.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. UBS Group lowered their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Robert W. Baird set a $172.00 price target on shares of Jack Henry & Associates in a research note on Friday, October 17th. Wells Fargo & Company upped their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

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.