Riverbridge Partners LLC Cuts Position in Jack Henry & Associates, Inc. $JKHY

Riverbridge Partners LLC reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,785 shares of the technology company’s stock after selling 20,119 shares during the period. Riverbridge Partners LLC owned approximately 0.12% of Jack Henry & Associates worth $16,384,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the second quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd grew its stake in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates in the second quarter worth $39,000. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter worth $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Jack Henry & Associates by 82.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 259 shares of the technology company’s stock valued at $47,000 after acquiring an additional 117 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.1%

NASDAQ JKHY opened at $157.20 on Friday. The stock has a market cap of $11.35 billion, a P/E ratio of 22.59, a PEG ratio of 2.38 and a beta of 0.72. The company’s fifty day simple moving average is $169.13 and its 200-day simple moving average is $167.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business had revenue of $611.18 million during the quarter, compared to analyst estimates of $608.46 million. During the same period last year, the business earned $1.34 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.61 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, March 5th. Jack Henry & Associates’s payout ratio is 35.06%.

Analysts Set New Price Targets

Several research firms recently weighed in on JKHY. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. DA Davidson reissued a “buy” rating and issued a $216.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research note on Thursday, February 5th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings upgraded Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.