Jack Henry & Associates, Inc. $JKHY Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 41.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,431 shares of the technology company’s stock after selling 1,026 shares during the quarter. Venturi Wealth Management LLC’s holdings in Jack Henry & Associates were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC raised its stake in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock valued at $569,000 after purchasing an additional 64 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after purchasing an additional 68 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Finally, CX Institutional raised its stake in Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $151.54 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a market cap of $11.01 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.67 and a beta of 0.78. The company has a 50-day moving average of $157.87 and a 200-day moving average of $170.72.

Jack Henry & Associates (NASDAQ:JKHY) last issued its 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. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million during the quarter, compared to analysts’ expectations of $602.20 million. During the same quarter in the previous year, the business earned $1.33 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on JKHY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada dropped 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 note on Thursday, August 21st. Robert W. Baird dropped their price objective on shares of 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. Finally, Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $178.38.

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.