Nordea Investment Management AB Reduces Stake in Jack Henry & Associates, Inc. $JKHY

Nordea Investment Management AB lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 770,574 shares of the technology company’s stock after selling 19,247 shares during the period. Nordea Investment Management AB’s holdings in Jack Henry & Associates were worth $115,139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in Jack Henry & Associates in the second quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $35,000. Private Trust Co. NA increased its position in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates in the 2nd quarter worth approximately $39,000. Finally, Steph & Co. purchased a new position in shares of Jack Henry & Associates in the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JKHY. UBS Group upped their target price on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $179.00 to $187.00 in a research note on Thursday, November 6th. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. Finally, Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Jack Henry & Associates Stock Performance

JKHY opened at $188.45 on Wednesday. The company has a 50 day simple moving average of $177.88 and a two-hundred day simple moving average of $167.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $13.64 billion, a P/E ratio of 28.64, a PEG ratio of 3.29 and a beta of 0.73. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm had revenue of $636.11 million for the quarter, compared to the consensus estimate of $634.42 million. During the same period last year, the firm earned $1.63 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

Insider Activity

In related news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by insiders.

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.