ICICI Prudential Asset Management Co Ltd Sells 4,500 Shares of Jack Henry & Associates, Inc. $JKHY

ICICI Prudential Asset Management Co Ltd reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,913 shares of the technology company’s stock after selling 4,500 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Jack Henry & Associates were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Xponance LLC boosted its position in shares of Jack Henry & Associates by 4.1% in the fourth quarter. Xponance LLC now owns 13,017 shares of the technology company’s stock worth $2,375,000 after purchasing an additional 518 shares during the period. Hoxton Planning & Management LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $203,000. Meeder Asset Management Inc. bought a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $6,851,000. Empowered Funds LLC boosted its position in shares of Jack Henry & Associates by 57.7% in the fourth quarter. Empowered Funds LLC now owns 19,302 shares of the technology company’s stock worth $3,522,000 after purchasing an additional 7,061 shares during the period. Finally, Meeder Advisory Services Inc. boosted its position in shares of Jack Henry & Associates by 66.5% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,406 shares of the technology company’s stock worth $439,000 after purchasing an additional 961 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $133.42 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. The Goldman Sachs Group lowered their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average price target of $192.08.

Jack Henry & Associates Trading Down 1.3%

Shares of JKHY opened at $125.96 on Friday. The company’s fifty day moving average is $144.72 and its 200 day moving average is $164.07. Jack Henry & Associates, Inc. has a fifty-two week low of $124.78 and a fifty-two week high of $193.39. The stock has a market capitalization of $8.95 billion, a PE ratio of 17.62, a P/E/G ratio of 1.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share 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 company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the previous year, the business posted $1.52 earnings per share. Jack Henry & Associates’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. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 6.84 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. Investors of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

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.