LGT Fund Management Co Ltd. Buys 5,354 Shares of Jack Henry & Associates, Inc. $JKHY

LGT Fund Management Co Ltd. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 25.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,411 shares of the technology company’s stock after purchasing an additional 5,354 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Jack Henry & Associates were worth $4,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JKHY. Caitong International Asset Management Co. Ltd increased its stake in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the period. Larson Financial Group LLC boosted its position in Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at $35,000. SJS Investment Consulting Inc. grew its holdings in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Jack Henry & Associates in the second quarter valued at about $39,000. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mimi Carsley acquired 375 shares of the firm’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 acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This represents a 6.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research report on Friday, May 8th. Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective for the company. Finally, Royal Bank Of Canada cut their price objective on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average target price of $186.07.

Jack Henry & Associates Trading Up 0.1%

Shares of JKHY traded up $0.10 during trading hours on Friday, reaching $150.32. 1,758,237 shares of the company traded hands, compared to its average volume of 1,618,050. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $137.16 and its two-hundred day moving average price is $157.70. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts predict 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. Stockholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. 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.