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

Fenimore Asset Management Inc boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 232,683 shares of the technology company’s stock after buying an additional 10,319 shares during the period. Fenimore Asset Management Inc’s holdings in Jack Henry & Associates were worth $41,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new position in Jack Henry & Associates in the first quarter valued at about $38,000. Assetmark Inc. lifted its stake in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after purchasing an additional 149 shares in the last quarter. National Pension Service boosted its position in shares of Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after buying an additional 115 shares during the period. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at about $51,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JKHY shares. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research report on Thursday, August 21st. UBS Group dropped their target price on 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. Finally, Robert W. Baird lowered their price objective 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 analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $178.38.

Jack Henry & Associates Trading Down 0.0%

JKHY stock opened at $146.26 on Monday. The firm has a market cap of $10.63 billion, a PE ratio of 23.44, a PEG 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 company has a fifty day simple moving average of $160.15 and a 200 day simple moving average of $171.52.

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

Jack Henry & Associates Announces Dividend

The company 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is presently 37.18%.

Insider Buying and Selling

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction 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 transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.