Oak Associates Ltd. OH trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 58.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,390 shares of the technology company’s stock after selling 4,796 shares during the quarter. Oak Associates Ltd. OH’s holdings in Jack Henry & Associates were worth $536,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. State Street Corp grew its stake in Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after purchasing an additional 97,140 shares in the last quarter. Invesco Ltd. raised its holdings in Jack Henry & Associates by 9.5% during the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after acquiring an additional 66,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Jack Henry & Associates by 160.2% in the fourth 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 valued at $246,420,000 after purchasing an additional 831,372 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock worth $179,354,000 after buying an additional 37,814 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Jack Henry & Associates
In other news, CFO Mimi Carsley acquired 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $134.12 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the transaction, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This trade represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Jack Henry & Associates
Jack Henry & Associates Price Performance
NASDAQ:JKHY opened at $148.23 on Friday. The stock has a market cap of $10.53 billion, a P/E ratio of 20.73, a PEG ratio of 2.05 and a beta of 0.57. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The company has a fifty day moving average price of $138.06 and a 200 day moving average price of $155.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the business posted $1.52 EPS. The business’s quarterly 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. Analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.
Jack Henry & Associates Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is 34.13%.
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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