LVW Advisors LLC Decreases Stock Holdings in Jack Henry & Associates, Inc. $JKHY

LVW Advisors LLC lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,877 shares of the technology company’s stock after selling 351 shares during the quarter. LVW Advisors LLC’s holdings in Jack Henry & Associates were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JKHY. Kayne Anderson Rudnick Investment Management LLC increased its stake in Jack Henry & Associates by 19.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock worth $872,631,000 after purchasing an additional 765,441 shares during the period. RGM Capital LLC purchased a new position in Jack Henry & Associates in the first quarter valued at about $58,951,000. Nuveen LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $31,463,000. Millennium Management LLC lifted its holdings in shares of Jack Henry & Associates by 535.1% during the first quarter. Millennium Management LLC now owns 161,180 shares of the technology company’s stock worth $29,431,000 after purchasing an additional 135,801 shares during the period. Finally, Kodai Capital Management LP lifted its holdings in shares of Jack Henry & Associates by 34,328.8% during the first quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company’s stock worth $17,037,000 after purchasing an additional 93,031 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $149.38 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $148.30 and a 1-year high of $196.00. The company has a market capitalization of $10.86 billion, a P/E ratio of 23.94, a PEG ratio of 2.66 and a beta of 0.79. The business’s fifty day moving average price is $163.27 and its two-hundred day moving average price is $172.54.

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. The business had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s payout ratio is currently 37.18%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research report on Friday, August 22nd. UBS Group decreased their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Robert W. Baird decreased their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada decreased their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.33.

Insider Transactions at Jack Henry & Associates

In related 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 transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by corporate 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.