Jack Henry & Associates, Inc. $JKHY Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 233.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,286 shares of the technology company’s stock after buying an additional 5,098 shares during the period. Mediolanum International Funds Ltd’s holdings in Jack Henry & Associates were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after acquiring an additional 367 shares during the period. Empowered Funds LLC increased its stake in Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 584 shares during the period. Woodline Partners LP lifted its position in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 1,778 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $9,430,000. Finally, Focus Partners Wealth boosted its stake in shares of Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after purchasing an additional 182 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. 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. Barclays began coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target for the company. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research report on Monday, June 29th. Finally, The Goldman Sachs Group reduced their price objective on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Two investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.07.

Read Our Latest Analysis on JKHY

Jack Henry & Associates Stock Down 2.8%

JKHY stock opened at $148.90 on Wednesday. The company’s 50 day moving average price is $137.68 and its 200 day moving average price is $155.79. 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 fifty-two week low of $121.04 and a fifty-two week high of $193.39. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.15 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm’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. On average, equities research analysts anticipate 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. Shareholders of record on Monday, June 1st were paid a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson acquired 2,000 shares of the 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 transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mimi Carsley acquired 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. The trade was a 6.66% increase in their position. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by insiders.

About Jack Henry & Associates

(Free Report)

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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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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