Handelsbanken Fonder AB boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 698,250 shares of the technology company’s stock after acquiring an additional 112,000 shares during the period. Handelsbanken Fonder AB’s holdings in Jack Henry & Associates were worth $127,417,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in Jack Henry & Associates by 10.6% during the 4th quarter. ProShare Advisors LLC now owns 60,931 shares of the technology company’s stock worth $11,119,000 after acquiring an additional 5,818 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Jack Henry & Associates by 23.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,389 shares of the technology company’s stock valued at $1,166,000 after buying an additional 1,221 shares during the period. Aegis Wealth Management Inc. acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $447,000. North Dakota State Investment Board acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $456,000. Finally, Canada Post Corp Registered Pension Plan grew its holdings in shares of Jack Henry & Associates by 32.2% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 1,600 shares of the technology company’s stock valued at $292,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on JKHY shares. Royal Bank Of Canada decreased their price target on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a report on Friday, May 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.
Insider Buying and Selling at Jack Henry & Associates
In related news, CFO Mimi Carsley acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at $2,806,623.12. This represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.
Jack Henry & Associates Trading Up 1.6%
JKHY opened at $139.11 on Tuesday. The stock has a market capitalization of $9.88 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.03 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $132.36 and a 12 month high of $193.39. The firm’s fifty day simple moving average is $155.25 and its 200 day simple moving average is $167.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 6.75 EPS for the current fiscal year.
Jack Henry & Associates Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.
Jack Henry & Associates Company Profile
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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