Ninety One North America Inc. Sells 159 Shares of Jack Henry & Associates, Inc. $JKHY

Ninety One North America Inc. lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the technology company’s stock after selling 159 shares during the period. Ninety One North America Inc.’s holdings in Jack Henry & Associates were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JKHY. Two Sigma Advisers LP boosted its stake in Jack Henry & Associates by 21.4% during the fourth quarter. Two Sigma Advisers LP now owns 3,400 shares of the technology company’s stock worth $596,000 after acquiring an additional 600 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Jack Henry & Associates by 40.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,964 shares of the technology company’s stock worth $1,747,000 after acquiring an additional 2,888 shares in the last quarter. Wellington Management Group LLP raised its holdings in Jack Henry & Associates by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company’s stock worth $506,000 after buying an additional 423 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock worth $153,000 after buying an additional 75 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Jack Henry & Associates by 8.9% in the first quarter. Rhumbline Advisers now owns 168,154 shares of the technology company’s stock worth $30,705,000 after buying an additional 13,796 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on JKHY shares. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. UBS Group decreased their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a report on Friday, August 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating for the company in a report on Thursday, August 21st. Finally, Robert W. Baird decreased their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $179.38.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Down 1.5%

JKHY opened at $148.93 on Wednesday. The firm has a 50 day moving average price of $162.12 and a 200-day moving average price of $172.18. Jack Henry & Associates, Inc. has a twelve month low of $147.59 and a twelve month high of $196.00. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.69 and a beta of 0.79.

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

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

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.