Jack Henry & Associates, Inc. $JKHY Shares Sold by London Co. of Virginia

London Co. of Virginia lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 204,641 shares of the technology company’s stock after selling 3,795 shares during the period. London Co. of Virginia’s holdings in Jack Henry & Associates were worth $32,342,000 as of its most recent filing with the Securities & Exchange Commission.

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

Jack Henry & Associates Stock Up 1.6%

Shares of NASDAQ JKHY opened at $150.58 on Friday. The company’s 50-day simple moving average is $138.34 and its 200-day simple moving average is $155.29. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57. 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 (NASDAQ:JKHY) last released its 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. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. The company’s quarterly 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. Equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JKHY. DA Davidson restated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. Royal Bank Of Canada cut their price target 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. Loop Capital started coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a report on Monday, June 29th. Finally, Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $186.07.

Insider Activity at Jack Henry & Associates

In other news, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by insiders.

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.