Jack Henry & Associates, Inc. $JKHY Stock Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,984 shares of the technology company’s stock after selling 3,292 shares during the period. Modera Wealth Management LLC’s holdings in Jack Henry & Associates were worth $2,576,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after purchasing an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC grew its stake in Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after buying an additional 1,070,376 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Jack Henry & Associates by 13.0% during the first quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock worth $118,842,000 after buying an additional 86,810 shares during the last quarter. First Trust Advisors LP grew its stake in Jack Henry & Associates by 33.8% during the first quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock worth $116,048,000 after buying an additional 185,465 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Jack Henry & Associates by 82.4% during the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after buying an additional 307,886 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $161.34 on Monday. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. 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 company’s fifty day simple moving average is $156.86 and its 200 day simple moving average is $154.87. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.00 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 7.30 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.01%.

Analyst Ratings Changes

A number of research firms have recently issued reports on JKHY. Wolfe Research lifted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group lifted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $178.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, September 30th. UBS Group reaffirmed a “neutral” rating on shares of Jack Henry & Associates in a research note on Wednesday, September 16th. Finally, Seaport Research Partners assumed coverage on shares of Jack Henry & Associates in a report on Monday, September 28th. They issued a “buy” rating and a $193.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.