Willis Investment Counsel Has $1.03 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

by · The Cerbat Gem

Willis Investment Counsel raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 54.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,719 shares of the technology company’s stock after purchasing an additional 2,019 shares during the period. Willis Investment Counsel’s holdings in Jack Henry & Associates were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JKHY. Vanguard Group Inc. grew its stake in Jack Henry & Associates by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after buying an additional 43,974 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Jack Henry & Associates by 19.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock worth $872,631,000 after acquiring an additional 765,441 shares during the period. Geode Capital Management LLC grew its position in shares of Jack Henry & Associates by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after purchasing an additional 61,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Jack Henry & Associates by 22.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after purchasing an additional 301,600 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Jack Henry & Associates by 2.8% during the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock worth $142,190,000 after purchasing an additional 21,040 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Buying and Selling

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on JKHY shares. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective for the company in a report on Thursday. Finally, Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their target price for the stock from $179.00 to $187.00 in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $179.56.

View Our Latest Analysis on JKHY

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $167.77 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The stock’s fifty day moving average price is $155.21 and its two-hundred day moving average price is $167.51. The company has a market cap of $12.14 billion, a PE ratio of 26.89, a P/E/G ratio of 2.74 and a beta of 0.76.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.Jack Henry & Associates’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

About Jack Henry & Associates

(Free Report)

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.

Further Reading

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