Chevy Chase Trust Holdings LLC Raises Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Chevy Chase Trust Holdings LLC raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,462 shares of the technology company’s stock after purchasing an additional 229 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Jack Henry & Associates were worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the first 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. grew its holdings in Jack Henry & Associates by 1.0% during the first 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. grew its holdings in Jack Henry & Associates by 14.5% during the first 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. grew its holdings in Jack Henry & Associates by 82.7% during the first 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 grew its holdings in Jack Henry & Associates by 928.9% during the first 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 institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $155.07 on Tuesday. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.77 and a beta of 0.78. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The stock has a fifty day moving average of $156.56 and a 200 day moving average of $169.44.

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

Jack Henry & Associates Dividend Announcement

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

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on JKHY shares. The Goldman Sachs Group reduced their price objective on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Finally, UBS Group cut their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $173.25.

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.