Quantinno Capital Management LP lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 214.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 419,286 shares of the technology company’s stock after purchasing an additional 285,893 shares during the quarter. Quantinno Capital Management LP’s holdings in Jack Henry & Associates were worth $66,264,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in JKHY. State Street Corp grew its stake in Jack Henry & Associates by 2.4% in the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares in the last quarter. Invesco Ltd. grew its stake in shares of 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 during the last quarter. Wells Fargo & Company MN increased its stake in 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 worth $258,250,000 after purchasing an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $246,420,000 after buying an additional 831,372 shares during the period. Finally, Mackenzie Financial Corp increased its position 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 valued at $179,354,000 after acquiring an additional 37,814 shares during the period. Institutional investors own 98.75% of the company’s stock.
Insider Activity
In related news, CFO Mimi Carsley acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer owned 21,036 shares in the company, 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. Insiders own 0.60% of the company’s stock.
Jack Henry & Associates Trading Up 2.9%
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its 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 business had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the previous year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.
Jack Henry & Associates Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on JKHY shares. Loop Capital assumed coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Barclays assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target on the stock. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average price target of $186.07.
View Our Latest Stock Analysis on Jack Henry & Associates
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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