Summitry LLC Purchases New Shares in Jack Henry & Associates, Inc. $JKHY

Summitry LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,944 shares of the technology company’s stock, valued at approximately $720,000.

Several other institutional investors have also added to or reduced their stakes in JKHY. State Street Corp lifted its position in shares of Jack Henry & Associates by 2.4% during the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after acquiring an additional 97,140 shares during the period. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after acquiring an additional 155,616 shares during the period. Van ECK Associates Corp lifted its position in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after acquiring an additional 1,056,362 shares during the period. Mackenzie Financial Corp lifted its position in shares of Jack Henry & Associates by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after acquiring an additional 9,059 shares during the period. Finally, UBS Group AG lifted its position in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after acquiring an additional 364,878 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JKHY. DA Davidson reiterated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. The Goldman Sachs Group cut their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.08.

Insider Buying and Selling at Jack Henry & Associates

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

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $140.19 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a twelve month low of $132.36 and a twelve month high of $193.39. The company has a market cap of $9.96 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.08 and a beta of 0.63. The business has a fifty day simple moving average of $152.30 and a 200 day simple moving average of $167.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same period in the prior year, the company earned $1.52 EPS. Jack Henry & Associates’s revenue for the quarter 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. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 6.75 EPS for the current fiscal 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 given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is currently 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.