California Public Employees Retirement System lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,373 shares of the technology company’s stock after selling 19,140 shares during the period. California Public Employees Retirement System’s holdings in Jack Henry & Associates were worth $26,452,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of JKHY. Integrated Wealth Concepts LLC boosted its holdings in shares of Jack Henry & Associates by 21.2% in 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 last quarter. Empowered Funds LLC lifted its position 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 valued at $1,312,000 after purchasing an additional 584 shares during the period. Woodline Partners LP boosted its holdings in Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 1,778 shares during the last quarter. Jane Street Group LLC purchased a new stake in Jack Henry & Associates in the first quarter valued at $9,430,000. Finally, Focus Partners Wealth grew its position in Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.
Insider Activity at Jack Henry & Associates
In other news, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by insiders.
Jack Henry & Associates Stock Down 1.8%
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the firm posted $1.52 EPS. The business’s 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, analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.
Jack Henry & Associates Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on JKHY. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a report on Monday, June 29th. Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a report on Thursday, May 7th. Finally, Barclays initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price objective for the company. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.
Read Our Latest Report on JKHY
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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