Nordea Investment Management AB Trims Stock Position in Jack Henry & Associates, Inc. $JKHY

Nordea Investment Management AB reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 789,821 shares of the technology company’s stock after selling 37,114 shares during the quarter. Nordea Investment Management AB’s holdings in Jack Henry & Associates were worth $139,960,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jack Henry & Associates by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after purchasing an additional 6,342 shares during the period. Tandem Investment Advisors Inc. increased its position in Jack Henry & Associates by 14.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock valued at $118,550,000 after purchasing an additional 82,414 shares during the period. Bridges Investment Management Inc. increased its position in Jack Henry & Associates by 82.7% during the 1st quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock valued at $1,227,000 after purchasing an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC increased its position in Jack Henry & Associates by 928.9% during the 1st quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock valued at $974,000 after purchasing an additional 4,821 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $152.93 on Friday. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.77 and a beta of 0.78. The firm’s 50-day moving average is $156.63 and its 200 day moving average is $169.77. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

Analyst Ratings Changes

A number of analysts have recently weighed in on JKHY shares. UBS Group reduced 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. Royal Bank Of Canada reduced 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. The Goldman Sachs Group reduced their target price on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a research report on Friday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.25.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% 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.