Global Retirement Partners LLC Makes New $479,000 Investment in Jack Henry & Associates, Inc. $JKHY

Global Retirement Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 2,661 shares of the technology company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strengthening Families & Communities LLC increased its position in shares of Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after acquiring an additional 68 shares during the last quarter. Blue Trust Inc. grew its stake in Jack Henry & Associates by 11.3% in the 2nd quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after purchasing an additional 68 shares during the period. Private Trust Co. NA increased its position in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Jack Henry & Associates by 4.7% during the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock worth $290,000 after purchasing an additional 73 shares during the period. Finally, CX Institutional boosted its holdings in shares of Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company’s stock worth $228,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. DA Davidson decreased their price target on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price objective for the company from $179.00 to $187.00 in a research note on Thursday, November 6th. Wells Fargo & Company increased their price objective on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $179.56.

Jack Henry & Associates Trading Up 0.3%

JKHY opened at $174.46 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 $12.63 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The company has a 50 day moving average of $157.08 and a 200 day moving average of $167.29.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter 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 forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio is 35.26%.

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.