Jack Henry & Associates, Inc. $JKHY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 49,153 shares of the technology company’s stock after selling 21,834 shares during the period. Illinois Municipal Retirement Fund’s holdings in Jack Henry & Associates were worth $7,320,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JKHY. Modera Wealth Management LLC purchased a new position in Jack Henry & Associates in the 3rd quarter valued at about $3,298,000. Artisan Partners Limited Partnership purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $74,302,000. Bank of New York Mellon Corp raised its position in shares of Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after buying an additional 32,468 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Jack Henry & Associates in the third quarter valued at approximately $998,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after buying an additional 76,746 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.5%

JKHY stock opened at $156.75 on Friday. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.40 and a beta of 0.71. The company has a quick ratio of 1.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $182.11 and a 200-day simple moving average of $167.96. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its 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 return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter last year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is presently 33.33%.

Insider Activity

In related news, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on JKHY. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Wells Fargo & Company increased their target price on Jack Henry & Associates from $164.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, UBS Group raised their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average price target of $199.17.

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.