Sagespring Wealth Partners LLC Raises Stock Position in Jack Henry & Associates, Inc. $JKHY

Sagespring Wealth Partners LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,145 shares of the technology company’s stock after purchasing an additional 209 shares during the period. Sagespring Wealth Partners LLC’s holdings in Jack Henry & Associates were worth $1,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Jack Henry & Associates in the first quarter worth $26,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates in the first quarter worth approximately $38,000. Assetmark Inc. boosted 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 worth $46,000 after buying an additional 149 shares in the last quarter. National Pension Service boosted its stake in Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after buying an additional 115 shares in the last quarter. Finally, Steph & Co. purchased a new stake in Jack Henry & Associates in the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of research reports. Royal Bank Of Canada cut 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. The Goldman Sachs Group cut their price target on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a research report on Monday. Keefe, Bruyette & Woods dropped their target price 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. Robert W. Baird dropped their target price on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $174.88.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $154.46 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The stock has a 50 day simple moving average of $157.02 and a two-hundred day simple moving average of $170.19. The stock has a market cap of $11.22 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $1.33 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by company insiders.

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.