Freedom Investment Management Inc. Lowers Position in Jack Henry & Associates, Inc. $JKHY

Freedom Investment Management Inc. cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,610 shares of the technology company’s stock after selling 180 shares during the quarter. Freedom Investment Management Inc.’s holdings in Jack Henry & Associates were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Jack Henry & Associates by 9.7% during the first quarter. GAMMA Investing LLC now owns 2,559 shares of the technology company’s stock valued at $467,000 after acquiring an additional 227 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Jack Henry & Associates by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,824 shares of the technology company’s stock valued at $1,976,000 after acquiring an additional 860 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Jack Henry & Associates by 11.4% during the first quarter. Asset Management One Co. Ltd. now owns 31,725 shares of the technology company’s stock valued at $5,793,000 after acquiring an additional 3,237 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Jack Henry & Associates by 99.2% during the first quarter. Bessemer Group Inc. now owns 1,496 shares of the technology company’s stock valued at $274,000 after acquiring an additional 745 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Jack Henry & Associates by 11.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 44,375 shares of the technology company’s stock valued at $8,103,000 after acquiring an additional 4,719 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm’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 completion of the transaction, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $155.83 on Monday. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00. The business has a fifty day moving average price of $156.21 and a 200-day moving average price of $169.15. 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.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $602.20 million. During the same period last year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 37.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods decreased 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, October 1st. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Saturday. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Finally, Wells Fargo & Company raised Jack Henry & Associates to a “hold” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $174.00.

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.