NewEdge Wealth LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 12.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,105 shares of the technology company’s stock after selling 5,163 shares during the quarter. NewEdge Wealth LLC’s holdings in Jack Henry & Associates were worth $5,548,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted 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 worth $113,420,000 after purchasing an additional 612,444 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Jack Henry & Associates by 47.6% in the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after purchasing an additional 160,118 shares in the last quarter. Comerica Bank increased its stake in Jack Henry & Associates by 71.5% during the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after buying an additional 33,145 shares during the period. Brendel Financial Advisors LLC purchased a new stake in Jack Henry & Associates during the 4th quarter worth approximately $3,001,000. Finally, Swedbank AB lifted its holdings in Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock worth $26,238,000 after buying an additional 100,239 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research report on Monday, June 29th. Loop Capital started coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective on the stock. The Goldman Sachs Group decreased their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average target price of $186.07.
Jack Henry & Associates Stock Up 1.4%
Shares of Jack Henry & Associates stock opened at $148.23 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The company has a market capitalization of $10.53 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.05 and a beta of 0.57. The company has a 50 day moving average of $138.06 and a 200 day moving average of $155.33.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.
Jack Henry & Associates Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date 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%.
Insiders Place Their Bets
In other Jack Henry & Associates news, CEO Gregory R. Adelson bought 2,000 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This represents 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 hyperlink. Also, CFO Mimi Carsley acquired 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.
Jack Henry & Associates 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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