Copeland Capital Management LLC Sells 4,524 Shares of Jack Henry & Associates, Inc. $JKHY

Copeland Capital Management LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 162,103 shares of the technology company’s stock after selling 4,524 shares during the period. Copeland Capital Management LLC owned approximately 0.22% of Jack Henry & Associates worth $25,619,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after acquiring an additional 612,444 shares during the last quarter. Pensionfund Sabic acquired a new position in Jack Henry & Associates during the 4th quarter valued at $1,204,000. Baillie Gifford & Co. raised its stake in Jack Henry & Associates by 47.6% during the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after purchasing an additional 160,118 shares during the last quarter. Comerica Bank boosted its holdings in Jack Henry & Associates by 71.5% in the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock valued at $14,502,000 after purchasing an additional 33,145 shares during the period. Finally, Swedbank AB boosted its holdings in Jack Henry & Associates by 230.2% in the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after purchasing an additional 100,239 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 1.4%

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

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

Jack Henry & Associates Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JKHY. Loop Capital began coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective on the stock. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday, May 8th. Barclays began coverage on Jack Henry & Associates in a research report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 target price on the stock. Royal Bank Of Canada lowered their price target on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Finally, DA Davidson restated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus target price of $186.07.

Insider Activity

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

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.