Arrowstreet Capital Limited Partnership raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 17.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 684,288 shares of the technology company’s stock after purchasing an additional 100,619 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Jack Henry & Associates were worth $124,869,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Northwest & Ethical Investments L.P. grew its stake in shares of Jack Henry & Associates by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after acquiring an additional 64 shares during the period. Advisory Services Network LLC grew its stake in shares of Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after acquiring an additional 69 shares during the period. DNB Asset Management AS grew its stake in shares of Jack Henry & Associates by 0.6% in the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after acquiring an additional 76 shares during the period. Schroder Investment Management Group grew its stake in shares of Jack Henry & Associates by 5.1% in the fourth quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock worth $291,000 after acquiring an additional 77 shares during the period. Finally, Huntington National Bank grew its stake in shares of Jack Henry & Associates by 14.5% in the third quarter. Huntington National Bank now owns 615 shares of the technology company’s stock worth $92,000 after acquiring an additional 78 shares during the period. 98.75% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
JKHY has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. The Goldman Sachs Group dropped their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. Finally, UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a report 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.08.
Insiders Place Their Bets
In other news, CFO Mimi Carsley acquired 375 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.
Jack Henry & Associates Trading Up 1.7%
Jack Henry & Associates stock opened at $130.35 on Tuesday. The stock has a market cap of $9.26 billion, a P/E ratio of 18.23, a PEG ratio of 1.88 and a beta of 0.58. 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, Inc. has a 1 year low of $124.63 and a 1 year high of $193.39. The firm’s 50 day moving average price is $143.63 and its 200-day moving average price is $163.47.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter last year, the business posted $1.52 earnings per share. The company’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. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.
Jack Henry & Associates Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a dividend of $0.61 per share. The ex-dividend date is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. Jack Henry & Associates’s payout ratio is 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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