ICICI Prudential Asset Management Co Ltd Sells 4,500 Shares of Jack Henry & Associates, Inc. $JKHY

ICICI Prudential Asset Management Co Ltd decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,913 shares of the technology company’s stock after selling 4,500 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Jack Henry & Associates were worth $3,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares during the last quarter. Larson Financial Group LLC increased its position in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates during the second quarter valued at $35,000. MUFG Securities EMEA plc bought a new position in Jack Henry & Associates during the second quarter valued at $39,000. Finally, United Community Bank bought a new position in Jack Henry & Associates during the fourth quarter valued at $41,000. Institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley acquired 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This trade 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 owned by corporate insiders.

Analyst Ratings Changes

JKHY has been the topic of a number of analyst reports. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday, May 8th. The Goldman Sachs Group lowered their target price 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. DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. Finally, UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.08.

Jack Henry & Associates Stock Down 1.3%

Shares of JKHY opened at $125.96 on Friday. The firm has a market capitalization of $8.95 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.87 and a beta of 0.58. Jack Henry & Associates, Inc. has a 12-month low of $124.78 and a 12-month 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 firm has a fifty day moving average price of $144.72 and a 200-day moving average price of $164.07.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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. The firm had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.9%. Jack Henry & Associates’s dividend payout ratio is 34.13%.

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.