10,962 Jack Henry & Associates, Inc. $JKHY Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 97.7% during the 3rd quarter, Holdings Channel reports. The firm owned 257 shares of the technology company’s stock after selling 10,962 shares during the period. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JKHY. Van ECK Associates Corp increased its holdings in Jack Henry & Associates by 1,918.2% in the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after purchasing an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after acquiring an additional 1,070,376 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Jack Henry & Associates by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock valued at $118,842,000 after acquiring an additional 86,810 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Jack Henry & Associates by 33.8% in the 1st quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock valued at $116,048,000 after acquiring an additional 185,465 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Jack Henry & Associates by 82.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock valued at $107,718,000 after acquiring an additional 307,886 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.8%

NASDAQ:JKHY opened at $153.41 on Thursday. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.92 and a beta of 0.56. The stock has a 50-day moving average price of $156.50 and a two-hundred day moving average price of $148.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were given a $0.61 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 35.01%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Seaport Research Partners started coverage on shares of Jack Henry & Associates in a report on Monday, September 28th. They set a “buy” rating and a $193.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Raymond James Financial increased their target price on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 16th. Finally, Piper Sandler upgraded shares of Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.