Securian Asset Management Inc. Decreases Holdings in Jack Henry & Associates, Inc. $JKHY

Securian Asset Management Inc. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,726 shares of the technology company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Jack Henry & Associates were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Jack Henry & Associates in the first quarter worth $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates in the first quarter worth $38,000. Private Trust Co. NA raised its holdings in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after buying an additional 149 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JKHY shares. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. UBS Group cut their price objective on shares of 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 objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $174.00.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $155.83 on Friday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 24.97, a PEG ratio of 2.82 and a beta of 0.78. The company’s fifty day moving average price is $156.21 and its 200-day moving average price is $169.12. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 37.18%.

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the sale, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Company 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.