Meiji Yasuda Asset Management Co Ltd. Buys 5,274 Shares of Jack Henry & Associates, Inc. $JKHY

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,248 shares of the technology company’s stock after buying an additional 5,274 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jack Henry & Associates were worth $4,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp increased its position in shares of Jack Henry & Associates by 2.4% during 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 during the period. Invesco Ltd. increased its position in shares of Jack Henry & Associates by 9.5% during the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares during the period. Van ECK Associates Corp increased its position in shares of Jack Henry & Associates by 1,911.3% during the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after buying an additional 1,056,362 shares during the period. Mackenzie Financial Corp increased its position in shares of Jack Henry & Associates by 1.0% during the third quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after buying an additional 9,059 shares during the period. Finally, UBS Group AG increased its position in shares of Jack Henry & Associates by 75.7% during the third quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after buying an additional 364,878 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the transaction, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. The trade was a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

Jack Henry & Associates Stock Up 0.5%

JKHY stock opened at $140.19 on Friday. 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’s 50 day moving average is $152.82 and its 200 day moving average is $166.98. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1-year low of $132.36 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 6.75 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given 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 is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JKHY. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a report on Thursday, February 5th. Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. Finally, DA Davidson restated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.