Jack Henry & Associates, Inc. $JKHY Shares Sold by Strive Financial Group LLC

Strive Financial Group LLC reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 56.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,126 shares of the technology company’s stock after selling 5,442 shares during the period. Strive Financial Group LLC’s holdings in Jack Henry & Associates were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after purchasing an additional 97,140 shares in the last quarter. Invesco Ltd. lifted its holdings in Jack Henry & Associates by 9.5% in the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after purchasing an additional 155,616 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after purchasing an additional 66,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jack Henry & Associates by 160.2% during the 4th 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 worth $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after purchasing an additional 1,243,526 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JKHY shares. Barclays upped their target price on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th. Wolfe Research increased their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada upped their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.40.

Jack Henry & Associates Trading Down 1.6%

Shares of JKHY stock opened at $165.64 on Friday. The company’s 50-day moving average price is $155.39 and its 200-day moving average price is $151.16. The company has a current ratio of 1.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.89 and a beta of 0.56. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Jack Henry & Associates’s quarterly revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 7.41 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is 35.01%.

About Jack Henry & Associates

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.