Chevy Chase Trust Holdings LLC Acquires 229 Shares of Jack Henry & Associates, Inc. $JKHY

Chevy Chase Trust Holdings LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,462 shares of the technology company’s stock after purchasing an additional 229 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Jack Henry & Associates worth $6,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Stratos Wealth Partners LTD. raised its stake in Jack Henry & Associates by 4.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 19,994 shares of the technology company’s stock worth $3,602,000 after buying an additional 815 shares during the period. Private Trust Co. NA raised its stake in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the period. Bridges Investment Management Inc. raised its stake in Jack Henry & Associates by 13.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 7,614 shares of the technology company’s stock worth $1,372,000 after buying an additional 894 shares during the period. Generali Asset Management SPA SGR raised its stake in Jack Henry & Associates by 1,484.0% during the 2nd quarter. Generali Asset Management SPA SGR now owns 11,120 shares of the technology company’s stock worth $2,003,000 after buying an additional 10,418 shares during the period. Finally, Ritholtz Wealth Management raised its stake in Jack Henry & Associates by 3.8% during the 2nd quarter. Ritholtz Wealth Management now owns 3,520 shares of the technology company’s stock worth $634,000 after buying an additional 129 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.4%

Shares of Jack Henry & Associates stock opened at $155.07 on Tuesday. The company has a market cap of $11.27 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The business has a 50 day moving average price of $156.56 and a 200-day moving average price of $169.44.

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

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 37.18%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JKHY shares. Keefe, Bruyette & Woods dropped their price target 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. Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a research note on Friday. Royal Bank Of Canada dropped their price target 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. The Goldman Sachs Group dropped their price target on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $173.25.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the 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 sale, the director directly owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

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.