Atria Investments Inc Acquires 4,329 Shares of Jack Henry & Associates, Inc. $JKHY

Atria Investments Inc grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 16.5% in the fourth quarter, HoldingsChannel reports. The fund owned 30,597 shares of the technology company’s stock after buying an additional 4,329 shares during the period. Atria Investments Inc’s holdings in Jack Henry & Associates were worth $5,583,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Modera Wealth Management LLC bought a new stake in Jack Henry & Associates during the third quarter worth about $3,298,000. Pensionfund Sabic bought a new stake in Jack Henry & Associates during the fourth quarter worth about $1,204,000. Teacher Retirement System of Texas lifted its position in Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock worth $13,079,000 after purchasing an additional 76,746 shares during the period. Bank of New York Mellon Corp lifted its position in Jack Henry & Associates by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock worth $106,150,000 after purchasing an additional 32,468 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in Jack Henry & Associates during the third quarter worth about $4,185,000. Institutional investors own 98.75% of the company’s stock.

Insider Activity

In related news, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. The trade was a 6.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Weiss Ratings cut shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Loop Capital assumed coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price for the company. Finally, Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $192.08.

Read Our Latest Research Report on JKHY

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $136.87 on Friday. The stock has a market cap of $9.72 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average is $155.81 and its 200-day moving average is $167.40. Jack Henry & Associates, Inc. has a 1-year low of $132.36 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Jack Henry & Associates Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.