Security Financial Services INC. Takes $370,000 Position in Jack Henry & Associates, Inc. $JKHY

Security Financial Services INC. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,055 shares of the technology company’s stock, valued at approximately $370,000.

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

Jack Henry & Associates Stock Performance

JKHY stock opened at $164.02 on Friday. The firm’s 50 day moving average price is $154.90 and its 200-day moving average price is $167.74. The firm has a market cap of $11.87 billion, a PE ratio of 26.29, a PEG ratio of 2.74 and a beta of 0.76. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The company had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Royal Bank Of Canada dropped their price target on shares of 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. Wells Fargo & Company upped their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $177.25.

Insider Activity at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

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.