Benjamin Edwards Inc. Sells 7,327 Shares of Jack Henry & Associates, Inc. $JKHY

Benjamin Edwards Inc. lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 162,350 shares of the technology company’s stock after selling 7,327 shares during the period. Benjamin Edwards Inc.’s holdings in Jack Henry & Associates were worth $29,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares during the period. Quent Capital LLC bought a new position in shares of Jack Henry & Associates in the third quarter worth $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth $35,000. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates in the second quarter worth $39,000. Finally, United Community Bank bought a new position in shares of Jack Henry & Associates in the fourth quarter worth $41,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $154.03 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $159.16 and a 200-day moving average of $168.17. The firm has a market cap of $11.12 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.30 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. Jack Henry & Associates’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 6.69 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JKHY shares. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $181.00 to $196.00 in a report on Tuesday, February 17th. Weiss Ratings cut Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price 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 company an “outperform” rating in a research note on Thursday, January 8th. Finally, Loop Capital began coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.77.

Jack Henry & Associates 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.