Wellington Management Group LLP Sells 3,673 Shares of Jack Henry & Associates, Inc. $JKHY

Wellington Management Group LLP lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 71.2% during the second quarter, Holdings Channel reports. The firm owned 1,488 shares of the technology company’s stock after selling 3,673 shares during the quarter. Wellington Management Group LLP’s holdings in Jack Henry & Associates were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dearborn Partners LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $10,874,000. Public Employees Retirement System of Ohio purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $3,067,000. American Capital Management Inc. purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $13,764,000. Danske Bank A S bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $124,000. Finally, Summit Creek Advisors LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $296,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.2%

JKHY opened at $161.12 on Friday. The stock has a market cap of $11.30 billion, a PE ratio of 23.12, a PEG ratio of 1.82 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $157.31 and a 200-day moving average of $151.24. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 7.36 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates’s payout ratio is 35.01%.

Analyst Ratings Changes

JKHY has been the subject of a number of research analyst reports. Piper Sandler assumed coverage on Jack Henry & Associates in a research note on Thursday. They issued a “neutral” rating and a $171.00 price target for the company. UBS Group boosted their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Stephens restated an “overweight” rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Barclays raised their target price on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Oppenheimer lifted their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.