Jack Henry & Associates (NASDAQ:JKHY) CEO Gregory Adelson Buys 2,000 Shares of Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) CEO Gregory Adelson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $134.03 on Friday. The company has a 50 day moving average of $156.44 and a 200-day moving average of $167.61. Jack Henry & Associates, Inc. has a 1-year low of $132.36 and a 1-year high of $193.39. 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 company has a market cap of $9.52 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.09 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share 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 prior year, the firm posted $1.52 EPS. 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. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.8%. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Modera Wealth Management LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $3,298,000. Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth $1,204,000. Teacher Retirement System of Texas increased its position in shares of Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock worth $13,079,000 after buying an additional 76,746 shares during the period. Bank of New York Mellon Corp increased its position in shares of Jack Henry & Associates by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock worth $106,150,000 after buying an additional 32,468 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $4,185,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Loop Capital initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective for the company. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. The Goldman Sachs Group dropped their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

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.