Jack Henry & Associates (NASDAQ:JKHY) COO Shanon Mclachlan Sells 227 Shares

Jack Henry & Associates, Inc. (NASDAQ:JKHY) COO Shanon Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares in the company, valued at approximately $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jack Henry & Associates Price Performance

JKHY traded down $1.73 during trading on Friday, reaching $163.54. 267,702 shares of the stock traded hands, compared to its average volume of 742,174. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The stock’s 50-day simple moving average is $154.87 and its two-hundred day simple moving average is $167.78. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

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, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm had revenue of $636.11 million for the quarter, compared to analyst estimates of $634.42 million. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is 35.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after acquiring an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 buying an additional 6,342 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Jack Henry & Associates by 16.8% during the first quarter. Benjamin Edwards Inc. now owns 151,291 shares of the technology company’s stock valued at $27,626,000 after purchasing an additional 21,777 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Jack Henry & Associates in the first quarter worth about $9,430,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after acquiring an additional 301,600 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research analyst reports. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 17th. UBS Group dropped their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their price target for the company from $179.00 to $187.00 in a report on Thursday, November 6th. The Goldman Sachs Group upped their price target on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company upped 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 note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Company 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.