Forsta AP Fonden Sells 9,200 Shares of Jack Henry & Associates, Inc. $JKHY

Forsta AP Fonden decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,600 shares of the technology company’s stock after selling 9,200 shares during the period. Forsta AP Fonden’s holdings in Jack Henry & Associates were worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JKHY. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 19.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after purchasing an additional 765,441 shares during the last quarter. RGM Capital LLC acquired a new position in Jack Henry & Associates during the 1st quarter valued at about $58,951,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after buying an additional 301,600 shares during the last quarter. Nuveen LLC acquired a new stake in Jack Henry & Associates in the first quarter worth about $31,463,000. Finally, Millennium Management LLC boosted its holdings in Jack Henry & Associates by 535.1% in the first quarter. Millennium Management LLC now owns 161,180 shares of the technology company’s stock worth $29,431,000 after acquiring an additional 135,801 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on JKHY. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research report on Friday, October 17th. Keefe, Bruyette & Woods lowered 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 research note on Wednesday, October 1st. DA Davidson cut their target price on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. UBS Group reduced their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $164.02 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a market capitalization of $11.87 billion, a PE ratio of 26.29, a P/E/G ratio of 2.74 and a beta of 0.76. The company has a fifty day moving average of $154.90 and a 200 day moving average of $167.70.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating 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 business had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue 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. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

Insider Activity at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. The trade was 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 insiders.

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.