Jack Henry & Associates, Inc. $JKHY Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 531,071 shares of the technology company’s stock after acquiring an additional 74,518 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Jack Henry & Associates were worth $96,910,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JKHY. Northwestern Mutual Wealth Management Co. raised its stake in Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after buying an additional 612,444 shares in the last quarter. Pensionfund Sabic acquired a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $1,204,000. Dynamic Technology Lab Private Ltd raised its stake in Jack Henry & Associates by 164.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock valued at $1,703,000 after buying an additional 7,111 shares in the last quarter. Baillie Gifford & Co. raised its stake in Jack Henry & Associates by 47.6% during the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after buying an additional 160,118 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Jack Henry & Associates during the third quarter valued at approximately $4,185,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In related news, CFO Mimi Carsley bought 375 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Up 0.8%

NASDAQ:JKHY opened at $127.35 on Wednesday. The firm has a market capitalization of $9.05 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.85 and a beta of 0.58. The stock has a 50 day moving average of $145.94 and a 200-day moving average of $164.67. Jack Henry & Associates, Inc. has a 52 week low of $124.78 and a 52 week high of $193.39. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be issued 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 dividend yield of 1.9%. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Analysts Set New Price Targets

Several brokerages have issued reports on JKHY. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research note on Friday, May 8th. Royal Bank Of Canada cut their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Finally, DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.