Hilltop National Bank Makes New $144,000 Investment in Jack Henry & Associates, Inc. $JKHY

Hilltop National Bank purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 797 shares of the technology company’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Jack Henry & Associates by 40.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,964 shares of the technology company’s stock worth $1,747,000 after acquiring an additional 2,888 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Jack Henry & Associates by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company’s stock worth $506,000 after purchasing an additional 423 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $333,000. Curat Global LLC purchased a new stake in Jack Henry & Associates in the 1st quarter valued at about $139,000. Finally, Procyon Advisors LLC purchased a new stake in Jack Henry & Associates in the 1st quarter valued at about $290,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.0%

Shares of Jack Henry & Associates stock opened at $146.26 on Friday. The company has a fifty day simple moving average of $160.15 and a 200-day simple moving average of $171.54. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.62 and a beta of 0.78. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same period last year, the business earned $1.33 EPS. Jack Henry & Associates’s revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Robert W. Baird cut their target price on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $178.38.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction that occurred on 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 owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.