Jack Henry & Associates, Inc. $JKHY Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,715 shares of the technology company’s stock after selling 28,561 shares during the period. Bank of Montreal Can’s holdings in Jack Henry & Associates were worth $24,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Axxcess Wealth Management LLC increased its holdings in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position 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 worth $569,000 after buying an additional 64 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Jack Henry & Associates by 12.1% in 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Jack Henry & Associates by 11.3% in the 2nd 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 period. Finally, Private Trust Co. NA raised its holdings in shares of Jack Henry & Associates by 49.0% in the 2nd 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 period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 17th. Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their price target for the company from $179.00 to $187.00 in a research report on Thursday. Finally, Wells Fargo & Company upped their price objective on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $174.75.

Jack Henry & Associates Stock Up 2.0%

Shares of Jack Henry & Associates stock opened at $163.08 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The company has a market capitalization of $11.85 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.74 and a beta of 0.76. The company has a 50 day moving average of $154.65 and a 200 day moving average of $168.04.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $644.74 million for the quarter, compared to the consensus estimate of $634.42 million. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared 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 1.4%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s payout ratio is 35.26%.

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.