Legacy Financial Advisors Inc. Sells 146 Shares of Jack Henry & Associates, Inc. $JKHY

Legacy Financial Advisors Inc. cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,684 shares of the technology company’s stock after selling 146 shares during the period. Legacy Financial Advisors Inc.’s holdings in Jack Henry & Associates were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates in the first quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates during the 1st quarter worth about $38,000. Assetmark Inc. increased its position in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares during the period. National Pension Service increased its position in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock valued at $49,000 after purchasing an additional 115 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $54,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JKHY. UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $212.00 target price on shares of Jack Henry & Associates in a research report on Monday. Finally, Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $187.80.

Jack Henry & Associates Trading Down 0.1%

NASDAQ:JKHY opened at $160.63 on Wednesday. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The firm has a 50 day moving average of $174.63 and a 200 day moving average of $175.44. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.91 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

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.