Riverbridge Partners LLC Has $9.96 Million Position in Jack Henry & Associates, Inc. $JKHY

Riverbridge Partners LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.8% during the 1st quarter, HoldingsChannel reports. The fund owned 63,045 shares of the technology company’s stock after selling 26,740 shares during the period. Riverbridge Partners LLC’s holdings in Jack Henry & Associates were worth $9,964,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JKHY. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack Henry & Associates by 6,728.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after buying an additional 612,444 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $1,204,000. Baillie Gifford & Co. increased its holdings in Jack Henry & Associates by 47.6% in the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after buying an additional 160,118 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Jack Henry & Associates by 164.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock worth $1,703,000 after buying an additional 7,111 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in 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 acquiring an additional 9,059 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 1.5%

JKHY opened at $125.25 on Wednesday. The business has a 50 day moving average price of $140.08 and a 200 day moving average price of $161.42. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $8.90 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.81 and a beta of 0.58.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the business earned $1.52 earnings per share. The company’s revenue 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. Research analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is currently 34.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. 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. Royal Bank Of Canada cut 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 report on Thursday, June 18th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

Insiders Place Their Bets

In other news, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were 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 of the company’s stock, valued at approximately $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. Company insiders own 0.60% of the company’s stock.

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.