KLP Kapitalforvaltning AS Raises Stake in Jack Henry & Associates, Inc. $JKHY

KLP Kapitalforvaltning AS boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,600 shares of the technology company’s stock after acquiring an additional 1,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Jack Henry & Associates were worth $4,432,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after acquiring an additional 149 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Jack Henry & Associates by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after acquiring an additional 6,342 shares during the period. Tandem Investment Advisors Inc. lifted its position in Jack Henry & Associates by 14.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock valued at $118,550,000 after acquiring an additional 82,414 shares during the period. Bridges Investment Management Inc. lifted its position in Jack Henry & Associates by 82.7% during the 1st quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC lifted its position in Jack Henry & Associates by 928.9% during the 1st quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock valued at $974,000 after acquiring an additional 4,821 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 1.5%

Shares of JKHY stock opened at $151.54 on Friday. The company has a 50 day moving average price of $157.87 and a 200-day moving average price of $170.72. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The firm has a market capitalization of $11.01 billion, a PE ratio of 24.29, a P/E/G ratio of 2.67 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s payout ratio is currently 37.18%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JKHY. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Royal Bank Of Canada reduced their price objective on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Robert W. Baird reduced their price objective on shares of 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. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $178.38.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.