Conestoga Capital Advisors LLC Has $39.09 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Conestoga Capital Advisors LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 247,311 shares of the technology company’s stock after purchasing an additional 12,078 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Jack Henry & Associates were worth $39,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fulton Bank N.A. increased its position in Jack Henry & Associates by 4.0% during the first quarter. Fulton Bank N.A. now owns 2,943 shares of the technology company’s stock worth $465,000 after buying an additional 114 shares during the last quarter. Walker Asset Management LLC lifted its position in shares of Jack Henry & Associates by 2.5% in the first quarter. Walker Asset Management LLC now owns 233,617 shares of the technology company’s stock worth $36,921,000 after buying an additional 5,694 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $776,000. Impact Partnership Wealth LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $679,000. Finally, MQS Management LLC bought a new position in shares of Jack Henry & Associates in the 1st quarter valued at approximately $396,000. Institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JKHY shares. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research report on Friday, May 8th. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. The Goldman Sachs Group decreased 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 report on Thursday, May 7th. Loop Capital assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price on the stock. Finally, Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $187.31.

Jack Henry & Associates Trading Up 3.4%

Shares of Jack Henry & Associates stock opened at $142.42 on Thursday. The company’s fifty day simple moving average is $137.88 and its 200-day simple moving average is $159.40. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the prior year, the company earned $1.52 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

Jack Henry & Associates 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.