Twin Capital Management Inc. acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 4,314 shares of the technology company’s stock, valued at approximately $682,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates during the second quarter worth $35,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Jack Henry & Associates during the second quarter worth $39,000. Finally, United Community Bank bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at $41,000. Institutional investors own 98.75% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on JKHY shares. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. Finally, Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $186.07.
Jack Henry & Associates Price Performance
JKHY stock opened at $153.84 on Friday. The company has a market capitalization of $10.93 billion, a P/E ratio of 21.52, a PEG ratio of 2.09 and a beta of 0.57. The company has a fifty day moving average price of $137.29 and a 200-day moving average price of $156.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. The company 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%. Jack Henry & Associates’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.
Jack Henry & Associates Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a dividend of $0.61 per share. 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 payout ratio is presently 34.13%.
Insider Transactions at Jack Henry & Associates
In related news, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were purchased 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 approximately $805,658.84. This represents a 6.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the purchase, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.
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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