Sequoia Financial Advisors LLC Cuts Holdings in Jack Henry & Associates, Inc. $JKHY

Sequoia Financial Advisors LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 46.8% in the first quarter, Holdings Channel reports. The firm owned 6,036 shares of the technology company’s stock after selling 5,307 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Jack Henry & Associates were worth $954,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after purchasing an additional 831,372 shares in the last quarter. Norges Bank bought a new stake in Jack Henry & Associates in the 4th quarter worth about $128,744,000. Northwestern Mutual Wealth Management Co. raised its position in Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after buying an additional 612,444 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Jack Henry & Associates by 560.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock worth $101,656,000 after buying an additional 472,698 shares during the last quarter. Finally, UBS Group AG lifted its position in Jack Henry & Associates by 75.7% during the third quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after purchasing an additional 364,878 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Down 1.4%

Shares of JKHY stock opened at $151.67 on Friday. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.16 and a beta of 0.57. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The company’s fifty day moving average price is $137.41 and its 200-day moving average price is $156.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. Jack Henry & Associates’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s payout ratio is presently 34.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays initiated coverage on Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target on the stock. The Goldman Sachs Group reduced their price objective on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. Royal Bank Of Canada dropped their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.07.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.