Dorsey & Whitney Trust CO LLC Sells 77 Shares of Jack Henry & Associates, Inc. $JKHY

Dorsey & Whitney Trust CO LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.9% in the first quarter, HoldingsChannel.com reports. The firm owned 1,228 shares of the technology company’s stock after selling 77 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Jack Henry & Associates were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Jack Henry & Associates by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company’s stock worth $249,615,000 after purchasing an additional 48,311 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company’s stock worth $183,970,000 after purchasing an additional 82,100 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Jack Henry & Associates by 22.9% during the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company’s stock worth $146,418,000 after purchasing an additional 155,831 shares in the last quarter. Northern Trust Corp increased its holdings in Jack Henry & Associates by 9.9% during the 4th quarter. Northern Trust Corp now owns 788,861 shares of the technology company’s stock worth $138,287,000 after purchasing an additional 71,304 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Jack Henry & Associates by 2.8% during the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock worth $142,190,000 after purchasing an additional 21,040 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the 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 completion of the transaction, the director directly owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JKHY. Royal Bank Of Canada decreased their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday. Robert W. Baird reduced their target price on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group reduced their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $183.50.

Jack Henry & Associates Stock Performance

JKHY stock opened at $165.56 on Friday. The business has a 50 day moving average of $173.70 and a 200-day moving average of $175.24. Jack Henry & Associates, Inc. has a 12-month low of $157.80 and a 12-month high of $196.00. The firm has a market cap of $12.06 billion, a PE ratio of 26.53, a P/E/G ratio of 2.95 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same period in the prior year, the company earned $1.33 earnings per share. Jack Henry & Associates’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Company Profile

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.