Principal Financial Group Inc. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,016 shares of the technology company’s stock after selling 7,117 shares during the period. Principal Financial Group Inc.’s holdings in Jack Henry & Associates were worth $50,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest & Ethical Investments L.P. grew its position in shares of Jack Henry & Associates by 3.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after buying an additional 64 shares in the last quarter. Advisory Services Network LLC lifted its stake in 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 last quarter. Lansforsakringar Fondforvaltning AB publ grew its holdings in Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock worth $3,598,000 after acquiring an additional 71 shares in the last quarter. DNB Asset Management AS increased its position in shares of Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after purchasing an additional 76 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Jack Henry & Associates by 5.1% in the 4th quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock valued at $291,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on JKHY shares. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. Royal Bank Of Canada reduced their price objective on shares of 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. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research report on Friday, May 8th. Loop Capital began coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. Finally, Barclays started coverage on Jack Henry & Associates in a report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $186.07.
Jack Henry & Associates Stock Performance
Shares of JKHY opened at $151.67 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.78 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.57. The company’s 50 day simple moving average is $137.41 and its 200-day simple moving average is $156.46. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the previous year, the company posted $1.52 EPS. The company’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. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.
Jack Henry & Associates Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.
Insider Transactions at Jack Henry & Associates
In related news, CEO Gregory R. Adelson purchased 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mimi Carsley purchased 375 shares of the company’s stock in a transaction that occurred 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 directly owned 6,007 shares in the company, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.
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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