Johnson Investment Counsel Inc. Grows Holdings in Jack Henry & Associates, Inc. $JKHY

Johnson Investment Counsel Inc. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,402 shares of the technology company’s stock after buying an additional 118 shares during the period. Johnson Investment Counsel Inc.’s holdings in Jack Henry & Associates were worth $2,955,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JKHY. Summit Securities Group LLC acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at about $38,000. Assetmark Inc. grew its position 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 valued at $46,000 after purchasing an additional 149 shares during the period. National Pension Service grew its position 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 valued at $49,000 after purchasing an additional 115 shares during the period. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at about $51,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 1.5%

JKHY opened at $151.54 on Monday. The firm has a market capitalization of $11.01 billion, a PE ratio of 24.29, a PEG ratio of 2.71 and a beta of 0.78. The firm’s 50-day moving average price is $157.87 and its 200 day moving average price is $170.60. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share 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%. Jack Henry & Associates’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a $0.58 dividend. 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 payout ratio is presently 37.18%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JKHY shares. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Royal Bank Of Canada dropped their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. UBS Group dropped their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Finally, Robert W. Baird lowered their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $178.38.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Jack Henry & Associates 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.