RWA Wealth Partners LLC Cuts Position in Jack Henry & Associates, Inc. $JKHY

RWA Wealth Partners LLC trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700 shares of the technology company’s stock after selling 483 shares during the period. RWA Wealth Partners LLC’s holdings in Jack Henry & Associates were worth $847,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 19.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after acquiring an additional 765,441 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company’s stock valued at $249,615,000 after purchasing an additional 48,311 shares during the period. Raymond James Financial Inc. raised its position in Jack Henry & Associates by 2.8% in the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock valued at $142,190,000 after purchasing an additional 21,040 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $114,306,000 after purchasing an additional 6,342 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Jack Henry & Associates by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,907 shares of the technology company’s stock worth $107,352,000 after buying an additional 15,933 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $187.00 in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday. Robert W. Baird set a $172.00 price target on shares of Jack Henry & Associates in a report on Friday, October 17th. Finally, DA Davidson dropped their price target on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.25.

Jack Henry & Associates Trading Down 1.4%

Jack Henry & Associates stock opened at $160.80 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The stock has a market cap of $11.68 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The stock has a 50 day moving average of $154.60 and a 200-day moving average of $167.91.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The business had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 1.4%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is 35.26%.

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.