Envestnet Asset Management Inc. Reduces Position in Jack Henry & Associates, Inc. $JKHY

Envestnet Asset Management Inc. cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 519,977 shares of the technology company’s stock after selling 5,220 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Jack Henry & Associates were worth $93,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Axxcess Wealth Management LLC grew its holdings in shares of Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock valued at $479,000 after buying an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock valued at $569,000 after buying an additional 64 shares during the last quarter. Strengthening Families & Communities LLC grew its holdings in shares of Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after buying an additional 68 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson decreased their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research report on Thursday, August 21st. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Wells Fargo & Company upgraded shares of Jack Henry & Associates to a “hold” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $172.25.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $149.89 on Thursday. The firm has a 50-day simple moving average of $155.72 and a two-hundred day simple moving average of $168.78. The company has a market cap of $10.89 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s dividend 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.