Jack Henry & Associates, Inc. $JKHY Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 75.5% in the third quarter, Holdings Channel reports. The firm owned 4,144 shares of the technology company’s stock after selling 12,796 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Jack Henry & Associates were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Jack Henry & Associates in the third quarter worth $2,610,000. ProShare Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. ProShare Advisors LLC now owns 71,364 shares of the technology company’s stock worth $10,222,000 after buying an additional 529 shares during the period. Vise Technologies Inc. grew its stake in Jack Henry & Associates by 147.0% in the 3rd quarter. Vise Technologies Inc. now owns 8,599 shares of the technology company’s stock valued at $1,232,000 after buying an additional 5,118 shares during the last quarter. International Assets Investment Management LLC grew its stake in Jack Henry & Associates by 2,157.3% in the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the technology company’s stock valued at $4,297,000 after buying an additional 28,671 shares during the last quarter. Finally, Choreo LLC bought a new position in Jack Henry & Associates in the 3rd quarter worth $251,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates News Roundup

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Jack Henry beat fiscal first-quarter earnings expectations, reporting $2.28 per share versus $2.07 anticipated. Growth in cloud and payments helped lift revenue 8.8% year over year, and the company raised its fiscal 2027 GAAP EPS outlook to $7.47–$7.51. Revenue was slightly below consensus, however. Zacks earnings and growth article Fiscal 2027 outlook article
• Positive Sentiment: Several firms raised their price targets while maintaining or assigning positive ratings: Barclays to $190 (overweight), RBC to $195 (outperform), and Keefe, Bruyette & Woods to $215 (outperform). UBS also lifted its target to $185, while keeping a neutral rating. The revisions signal improved analyst expectations, though targets are not guarantees. Barclays forecast RBC target revision KBW target revision
• Neutral Sentiment: CFO Mimi Carsley is scheduled to present at Citi’s FinTech Conference on November 10. The event may provide investors with updates, but the announcement itself does not indicate a change to the company’s outlook. Conference announcement
• Negative Sentiment: Morgan Stanley said Jack Henry needs to demonstrate clearer upside to its growth targets, highlighting execution and growth visibility as potential investor concerns. Morgan Stanley growth-target assessment

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Jack Henry & Associates from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday. DA Davidson raised their price target on Jack Henry & Associates from $198.00 to $212.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley dropped their price objective on Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. The Goldman Sachs Group lifted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.18.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $173.23 on Monday. The company’s fifty day simple moving average is $156.97 and its 200-day simple moving average is $154.41. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.11 and a beta of 0.55. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 3rd. The technology company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.07 by $0.21. The firm had revenue of $682.18 million during the quarter, compared to analysts’ expectations of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.46%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 7.40 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 33.52%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software and services to banks and credit unions. Founded in 1976 and headquartered in Monett, Missouri, the company focuses on helping financial institutions manage operations and serve customers.

Its offerings include core banking systems, digital banking platforms, payment processing, lending solutions, and tools for managing fraud, risk, and information security. Jack Henry also provides data, hosting, and related technology services.

The company serves financial institutions across the United States, including community and regional banks and credit unions.