Aberdeen Group plc Trims Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Aberdeen Group plc lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,539 shares of the technology company’s stock after selling 4,181 shares during the period. Aberdeen Group plc’s holdings in Jack Henry & Associates were worth $7,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $27,000. Quent Capital LLC acquired a new position in shares of Jack Henry & Associates during the third quarter worth $33,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter valued at about $35,000. Private Trust Co. NA increased its holdings in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of several research reports. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $179.00 to $187.00 in a research report on Thursday, November 6th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $181.00 to $196.00 in a research note on Tuesday. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. UBS Group upped their price objective on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group upped their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $159.19 on Friday. 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 market capitalization of $11.49 billion, a P/E ratio of 22.87, a P/E/G ratio of 2.45 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The business has a 50-day moving average of $179.58 and a two-hundred day moving average of $167.53.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. During the same period in the previous year, the company earned $1.34 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, March 5th. Jack Henry & Associates’s payout ratio is presently 33.33%.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the sale, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.