Ninety One North America Inc. Sells 159 Shares of Jack Henry & Associates, Inc. $JKHY

Ninety One North America Inc. reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the technology company’s stock after selling 159 shares during the quarter. Ninety One North America Inc.’s holdings in Jack Henry & Associates were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Axxcess Wealth Management LLC increased its stake in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after buying an additional 59 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after buying an additional 64 shares during the period. Strengthening Families & Communities LLC increased its position in Jack Henry & Associates by 12.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after purchasing an additional 68 shares during the period. Phillips Wealth Planners LLC increased its position in Jack Henry & Associates by 4.7% during the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after purchasing an additional 73 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock valued at $153,000 after purchasing an additional 75 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on JKHY. Keefe, Bruyette & Woods cut their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating on the stock in a research report on Thursday, August 21st. Royal Bank Of Canada cut their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. UBS Group cut their target price on shares of 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. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $179.38.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $148.93 on Wednesday. Jack Henry & Associates, Inc. has a fifty-two week low of $147.59 and a fifty-two week high of $196.00. The stock has a market capitalization of $10.82 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.69 and a beta of 0.79. The company’s 50-day simple moving average is $162.12 and its 200-day simple moving average is $172.18.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same period last year, the business earned $1.33 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is 37.18%.

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by company insiders.

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.