9,969 Jack Henry & Associates, Inc. $JKHY Shares Sold by Vest Financial LLC

Vest Financial LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,518 shares of the technology company’s stock after selling 9,969 shares during the period. Vest Financial LLC’s holdings in Jack Henry & Associates were worth $3,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in 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 valued at $180,213,000 after buying an additional 1,243,526 shares during the period. Janus Henderson Group PLC grew its holdings in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after acquiring an additional 1,070,376 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Jack Henry & Associates in the 2nd quarter worth $87,669,000. Epoch Investment Partners Inc. grew its holdings in Jack Henry & Associates by 82.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after acquiring an additional 307,886 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Jack Henry & Associates by 214.3% in the first quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company’s stock valued at $66,264,000 after acquiring an additional 285,893 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JKHY has been the subject of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. Piper Sandler upgraded Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Friday, October 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $178.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Seaport Research Partners assumed coverage on Jack Henry & Associates in a research report on Monday, September 28th. They set a “buy” rating and a $193.00 price target for the company. Finally, Oppenheimer increased their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.00.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $162.62 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The company has a 50 day simple moving average of $156.80 and a two-hundred day simple moving average of $148.88. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 2.01 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same period in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Analysts expect that Jack Henry & Associates, Inc. will post 7.29 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Jack Henry & Associates Company 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.