Laurus Global Equity Management Inc. Has $12.59 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Laurus Global Equity Management Inc. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,559 shares of the technology company’s stock after buying an additional 5,880 shares during the period. Jack Henry & Associates comprises about 8.6% of Laurus Global Equity Management Inc.’s investment portfolio, making the stock its 4th biggest position. Laurus Global Equity Management Inc. owned 0.12% of Jack Henry & Associates worth $12,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hantz Financial Services Inc. bought a new position in Jack Henry & Associates in the second quarter valued at $27,000. Quent Capital LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $35,000. Private Trust Co. NA lifted its position in Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Jack Henry & Associates during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JKHY. Wolfe Research set a $220.00 target price on shares of Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a research note on Thursday, November 20th. UBS Group boosted their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Moderate Buy” and a consensus target price of $195.82.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $179.81 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $182.94 and its 200 day simple moving average is $168.50. The stock has a market cap of $13.01 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.73. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. During the same period last year, the company posted $1.63 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

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.