Fenimore Asset Management Inc Reduces Holdings in Jack Henry & Associates, Inc. $JKHY

Fenimore Asset Management Inc reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 220,615 shares of the technology company’s stock after selling 16,117 shares during the period. Fenimore Asset Management Inc’s holdings in Jack Henry & Associates were worth $40,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Modera Wealth Management LLC acquired a new stake in Jack Henry & Associates during the third quarter worth about $3,298,000. Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $1,204,000. Teacher Retirement System of Texas increased its stake in shares of Jack Henry & Associates by 693.2% in the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after purchasing an additional 76,746 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $998,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after purchasing an additional 32,468 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.2%

Jack Henry & Associates stock opened at $154.03 on Friday. The firm has a 50 day simple moving average of $159.16 and a 200-day simple moving average of $168.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $11.12 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.30 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.29. The business had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 6.69 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, March 5th. Jack Henry & Associates’s payout ratio is 35.06%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JKHY shares. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research note on Thursday, February 5th. DA Davidson dropped their price target on shares of Jack Henry & Associates from $216.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley raised their price target on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, UBS Group raised their price target on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $198.77.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.