Callan Family Office LLC Purchases 19,930 Shares of Jack Henry & Associates, Inc. $JKHY

Callan Family Office LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 941.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,046 shares of the technology company’s stock after buying an additional 19,930 shares during the quarter. Callan Family Office LLC’s holdings in Jack Henry & Associates were worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Axxcess Wealth Management LLC lifted its position in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after buying an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after buying an additional 64 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock worth $105,000 after buying an additional 68 shares during the last quarter. Phillips Wealth Planners LLC lifted its position in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock worth $290,000 after buying an additional 73 shares during the last quarter. Finally, CX Institutional increased its stake in 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 purchasing an additional 75 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JKHY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday. 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. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research note on Friday, August 22nd. 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. Finally, Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $178.38.

Insider Activity

In related news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This represents a 3.98% 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. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY opened at $151.54 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The stock has a market capitalization of $11.01 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.67 and a beta of 0.78. The stock’s 50 day moving average price is $157.87 and its 200-day moving average price is $170.72.

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

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s payout ratio is 37.18%.

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.