Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Northwestern Mutual Wealth Management Co. raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6,728.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 621,546 shares of the technology company’s stock after buying an additional 612,444 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Jack Henry & Associates were worth $113,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Jack Henry & Associates by 1,911.3% in the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after purchasing an additional 1,056,362 shares during the period. UBS Group AG grew its stake in Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after purchasing an additional 364,878 shares in the last quarter. Caisse de depot et placement du Quebec grew its stake in Jack Henry & Associates by 880.6% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company’s stock worth $47,374,000 after purchasing an additional 285,656 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Jack Henry & Associates by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock worth $100,609,000 after purchasing an additional 240,548 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Jack Henry & Associates by 58.5% during the 3rd quarter. First Trust Advisors LP now owns 472,084 shares of the technology company’s stock worth $70,307,000 after purchasing an additional 174,321 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 2.1%

Shares of NASDAQ JKHY opened at $136.87 on Friday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The business has a 50-day moving average of $155.81 and a two-hundred day moving average of $167.40. Jack Henry & Associates, Inc. has a 1 year low of $132.36 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly 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. The company had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, analysts forecast that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the acquisition, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the transaction, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on JKHY shares. 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 target price for the company. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research note on Friday, May 8th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. The Goldman Sachs Group lowered their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their target price on 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 assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average target price of $192.08.

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.