Cerity Partners LLC Purchases 45,898 Shares of Jack Henry & Associates, Inc. $JKHY

Cerity Partners LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 428.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,599 shares of the technology company’s stock after acquiring an additional 45,898 shares during the period. Cerity Partners LLC owned approximately 0.08% of Jack Henry & Associates worth $10,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of JKHY. Jump Financial LLC raised its position in shares of Jack Henry & Associates by 116.0% during the second quarter. Jump Financial LLC now owns 5,399 shares of the technology company’s stock worth $973,000 after purchasing an additional 2,899 shares during the period. Qtron Investments LLC bought a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $476,000. Amundi raised its holdings in Jack Henry & Associates by 80.5% during the 2nd quarter. Amundi now owns 359,892 shares of the technology company’s stock worth $64,572,000 after buying an additional 160,492 shares during the period. Epoch Investment Partners Inc. lifted its stake in Jack Henry & Associates by 3.9% in the second quarter. Epoch Investment Partners Inc. now owns 306,805 shares of the technology company’s stock valued at $55,277,000 after buying an additional 11,523 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Jack Henry & Associates by 15.6% in the second quarter. Guggenheim Capital LLC now owns 5,357 shares of the technology company’s stock valued at $965,000 after buying an additional 722 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 2.6%

Shares of NASDAQ:JKHY opened at $184.92 on Thursday. The business’s 50 day simple moving average is $161.76 and its 200 day simple moving average is $167.09. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $13.38 billion, a P/E ratio of 28.10, a P/E/G ratio of 3.11 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The firm had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Insider Activity

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JKHY. Wells Fargo & Company boosted their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a research report on Friday, October 17th. DA Davidson decreased their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.56.

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.