Jack Henry & Associates, Inc. $JKHY Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 680,283 shares of the technology company’s stock after selling 434 shares during the quarter. Bank of New York Mellon Corp’s holdings in Jack Henry & Associates were worth $122,567,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $26,000. Hantz Financial Services Inc. purchased a new position in Jack Henry & Associates during the 2nd quarter worth approximately $27,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter valued at approximately $38,000. Private Trust Co. NA boosted 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 acquiring an additional 71 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 2.0%

NASDAQ:JKHY 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 stock’s 50-day moving average price is $154.65 and its 200-day moving average price is $168.04. The stock has a market capitalization of $11.85 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.

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

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

Analyst Ratings Changes

A number of research analysts recently issued reports on JKHY shares. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. DA Davidson reduced their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company upped their target price on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group dropped their target price on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $174.75.

Jack Henry & Associates 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.