Intech Investment Management LLC Grows Holdings in Jack Henry & Associates, Inc. $JKHY

Intech Investment Management LLC grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 36.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,657 shares of the technology company’s stock after buying an additional 10,880 shares during the quarter. Intech Investment Management LLC owned 0.06% of Jack Henry & Associates worth $7,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the first quarter valued at about $26,000. Hantz Financial Services Inc. bought a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates in the first quarter worth approximately $38,000. Private Trust Co. NA grew its position in 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 acquiring an additional 71 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JKHY shares. Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price objective for the company from $179.00 to $187.00 in a research note on Thursday, November 6th. Wells Fargo & Company raised their price objective on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group reduced their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods cut their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Three investment 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 stock has a consensus rating of “Hold” and a consensus target price of $177.25.

Insider Buying and Selling at Jack Henry & Associates

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

Jack Henry & Associates Stock Performance

JKHY opened at $164.02 on Monday. The stock has a market capitalization of $11.87 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The stock’s 50 day moving average price is $154.90 and its 200-day moving average price is $167.66. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 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 $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same quarter last year, the firm posted $1.63 earnings per share. The firm’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 forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal 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 issued a $0.58 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

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.