J. Safra Sarasin Holding AG Increases Holdings in Jack Henry & Associates, Inc. $JKHY

J. Safra Sarasin Holding AG raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 132.8% in the second quarter, Holdings Channel reports. The institutional investor owned 12,869 shares of the technology company’s stock after buying an additional 7,342 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Jack Henry & Associates were worth $2,319,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in Jack Henry & Associates during the second quarter valued at $240,000. V Square Quantitative Management LLC raised its stake in Jack Henry & Associates by 13.2% during the second quarter. V Square Quantitative Management LLC now owns 1,620 shares of the technology company’s stock valued at $292,000 after buying an additional 189 shares during the last quarter. Patton Fund Management Inc. purchased a new position in Jack Henry & Associates during the second quarter valued at $232,000. CX Institutional raised its stake in Jack Henry & Associates by 6.3% during the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after buying an additional 75 shares during the last quarter. Finally, Steph & Co. purchased a new position in Jack Henry & Associates during the second quarter valued at $51,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group lowered their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Robert W. Baird decreased their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $178.38.

Jack Henry & Associates Price Performance

JKHY stock opened at $146.26 on Friday. The stock has a market capitalization of $10.63 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.62 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The business has a fifty day moving average price of $160.15 and a 200-day moving average price of $171.58.

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

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.

About Jack Henry & Associates

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.