Jack Henry & Associates, Inc. $JKHY Stock Position Reduced by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 78.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,956 shares of the technology company’s stock after selling 6,957 shares during the period. Union Bancaire Privee UBP SA’s holdings in Jack Henry & Associates were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in Jack Henry & Associates during the second quarter valued at approximately $240,000. V Square Quantitative Management LLC grew its position in Jack Henry & Associates by 13.2% during the second quarter. V Square Quantitative Management LLC now owns 1,620 shares of the technology company’s stock valued at $292,000 after purchasing an additional 189 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Jack Henry & Associates during the second quarter valued at approximately $232,000. CX Institutional grew its position in Jack Henry & Associates by 6.3% during the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after purchasing an additional 75 shares in the last quarter. Finally, Steph & Co. acquired a new stake in Jack Henry & Associates in the second quarter valued at approximately $51,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JKHY. Keefe, Bruyette & Woods reduced their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday. Royal Bank Of Canada reduced their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, UBS Group reduced their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $178.38.

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the company’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 completion of the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Trading Down 1.8%

Shares of Jack Henry & Associates stock opened at $146.29 on Thursday. The firm has a fifty day simple moving average of $161.44 and a 200-day simple moving average of $172.01. Jack Henry & Associates, Inc. has a 1-year low of $145.64 and a 1-year high of $196.00. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.65 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. The business had revenue of $615.37 million during the quarter, compared to analysts’ expectations of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

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.