Generali Asset Management SPA SGR Acquires 10,418 Shares of Jack Henry & Associates, Inc. $JKHY

Generali Asset Management SPA SGR raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,484.0% during the second quarter, Holdings Channel.com reports. The fund owned 11,120 shares of the technology company’s stock after buying an additional 10,418 shares during the period. Generali Asset Management SPA SGR’s holdings in Jack Henry & Associates were worth $2,003,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in shares of Jack Henry & Associates by 3.8% in the second quarter. Ritholtz Wealth Management now owns 3,520 shares of the technology company’s stock worth $634,000 after purchasing an additional 129 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Jack Henry & Associates by 3.5% in the second quarter. Sagespring Wealth Partners LLC now owns 6,145 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 209 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of Jack Henry & Associates by 6.2% in the second quarter. Boston Trust Walden Corp now owns 276,662 shares of the technology company’s stock worth $49,846,000 after purchasing an additional 16,256 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in shares of Jack Henry & Associates in the second quarter worth about $375,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Jack Henry & Associates in the second quarter worth about $875,000. 98.75% of the stock is owned by institutional investors.

Insider Activity

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction that occurred 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 owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

JKHY has been the topic of several research reports. DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 21st. Robert W. Baird reduced their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. The Goldman Sachs Group reduced their price objective on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $174.88.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $152.94 on Friday. The business’s 50 day moving average is $156.80 and its two-hundred day moving average is $169.99. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The stock has a market capitalization of $11.11 billion, a P/E ratio of 24.51, a PEG ratio of 2.77 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) 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 quarter in the previous year, the business earned $1.33 earnings per share. The company’s revenue for the quarter 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, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal 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 given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s payout ratio is 37.18%.

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.