Venturi Wealth Management LLC Decreases Stock Position in Jack Henry & Associates, Inc. $JKHY

Venturi Wealth Management LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 41.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,431 shares of the technology company’s stock after selling 1,026 shares during the quarter. Venturi Wealth Management LLC’s holdings in Jack Henry & Associates were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock worth $872,631,000 after acquiring an additional 765,441 shares during the period. RGM Capital LLC purchased a new position in Jack Henry & Associates in the 1st quarter worth approximately $58,951,000. Nuveen LLC purchased a new position in Jack Henry & Associates in the 1st quarter worth approximately $31,463,000. Millennium Management LLC boosted its stake in shares of Jack Henry & Associates by 535.1% during the 1st quarter. Millennium Management LLC now owns 161,180 shares of the technology company’s stock valued at $29,431,000 after buying an additional 135,801 shares during the last quarter. Finally, Kodai Capital Management LP boosted its stake in shares of Jack Henry & Associates by 34,328.8% during the 1st quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company’s stock valued at $17,037,000 after buying an additional 93,031 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the 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 trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Robert W. Baird reduced their target price on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Royal Bank Of Canada reduced their target price on 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 Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $178.38.

Jack Henry & Associates Trading Up 1.5%

JKHY stock opened at $151.54 on Friday. The firm has a market cap of $11.01 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.67 and a beta of 0.78. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The stock’s 50 day simple moving average is $157.87 and its 200 day simple moving average is $170.72.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly 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. The business had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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