Gregory Adelson Acquires 2,000 Shares of Jack Henry & Associates (NASDAQ:JKHY) Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) CEO Gregory Adelson purchased 2,000 shares of the company’s 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 transaction, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $136.87 on Friday. Jack Henry & Associates, Inc. has a one year low of $132.36 and a one year 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 company has a 50 day moving average price of $155.81 and a 200 day moving average price of $167.40. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same quarter in the prior year, the business posted $1.52 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.75 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.8%. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research report on Friday, May 8th. Loop Capital initiated coverage on shares of 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. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One equities research analyst has 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 data from MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus target price of $192.08.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors have recently bought and sold shares of JKHY. Integrated Wealth Concepts LLC grew its stake in Jack Henry & Associates by 21.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after buying an additional 367 shares during the period. Empowered Funds LLC grew its stake in Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after buying an additional 584 shares during the period. Woodline Partners LP boosted its stake in shares of Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 1,778 shares during the period. Jane Street Group LLC purchased a new position in shares of Jack Henry & Associates in the first quarter valued at $9,430,000. Finally, Focus Partners Wealth boosted its stake in shares of Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after purchasing an additional 182 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

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.