Fifth Third Bancorp Grows Stake in Jack Henry & Associates, Inc. $JKHY

Fifth Third Bancorp grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4,159.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,841 shares of the technology company’s stock after purchasing an additional 78,943 shares during the quarter. Fifth Third Bancorp’s holdings in Jack Henry & Associates were worth $12,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in shares of Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after buying an additional 97,140 shares in the last quarter. Invesco Ltd. lifted its position in Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after acquiring an additional 155,616 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after acquiring an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Jack Henry & Associates by 160.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after acquiring an additional 831,372 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Jack Henry & Associates by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock worth $179,354,000 after acquiring an additional 37,814 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $145.37 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The firm’s 50-day simple moving average is $137.02 and its 200-day simple moving average is $156.98. The firm has a market cap of $10.33 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last 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 analysts forecast that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Insider Activity at Jack Henry & Associates

In other news, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the transaction, the chief financial officer 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JKHY. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Loop Capital started coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price for the company. The Goldman Sachs Group lowered their price target 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. Royal Bank Of Canada dropped their price target 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus price target of $186.07.

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.