Walker Asset Management LLC Acquires 5,694 Shares of Jack Henry & Associates, Inc. $JKHY

Walker Asset Management LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 233,617 shares of the technology company’s stock after purchasing an additional 5,694 shares during the period. Jack Henry & Associates accounts for about 20.0% of Walker Asset Management LLC’s portfolio, making the stock its largest position. Walker Asset Management LLC’s holdings in Jack Henry & Associates were worth $36,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Integrated Wealth Concepts LLC raised its holdings 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 valued at $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Jack Henry & Associates by 8.8% during the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 584 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Jack Henry & Associates by 40.6% during the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 1,778 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Jack Henry & Associates in the 1st quarter valued at approximately $9,430,000. Finally, Focus Partners Wealth lifted its holdings in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on JKHY. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a report on Monday. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.31.

Insider Activity

In related news, CEO Gregory R. Adelson acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the transaction, the chief executive officer 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the purchase, 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 position. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Up 0.7%

Shares of JKHY stock opened at $137.74 on Wednesday. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market cap of $9.79 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.00 and a beta of 0.58. The stock has a 50 day moving average of $138.11 and a 200-day moving average of $159.72.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (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 business had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same quarter last year, the company 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. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a dividend of $0.61 per share. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. Jack Henry & Associates’s payout ratio is presently 34.13%.

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.