Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) CEO Gregory Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, with a total value of $266,840.00. Following the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Jack Henry & Associates Stock Performance
Shares of JKHY traded down $7.40 on Thursday, reaching $134.03. The company’s stock had a trading volume of 2,265,098 shares, compared to its average volume of 997,445. 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 market capitalization of $9.52 billion, a P/E ratio of 18.75, a PEG ratio of 2.14 and a beta of 0.63. The stock’s 50 day simple moving average is $157.13 and its two-hundred day simple moving average is $167.77. Jack Henry & Associates, Inc. has a 12-month low of $132.36 and a 12-month high of $193.39.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue 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. Research analysts forecast that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current fiscal year.
Jack Henry & Associates Announces Dividend
Analysts Set New Price Targets
A number of analysts have commented on JKHY shares. Royal Bank Of Canada reduced their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Thursday, February 5th. The Goldman Sachs Group decreased their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Loop Capital assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target on the stock. Finally, UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average target price of $192.08.
Check Out Our Latest Stock Analysis on JKHY
Institutional Trading of Jack Henry & Associates
Several institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in Jack Henry & Associates by 1,911.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after purchasing an additional 1,056,362 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% in 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 period. Norges Bank purchased a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $128,744,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after buying an additional 612,444 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Jack Henry & Associates by 560.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock valued at $101,656,000 after buying an additional 472,698 shares during the last quarter. Hedge funds and other institutional investors own 98.75% 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.
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