iA Global Asset Management Inc. Purchases Shares of 4,911 Jack Henry & Associates, Inc. $JKHY

iA Global Asset Management Inc. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,911 shares of the technology company’s stock, valued at approximately $776,000.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC raised its stake in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates during the second quarter valued at $35,000. SJS Investment Consulting Inc. lifted its position in Jack Henry & Associates by 3,933.3% during the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Jack Henry & Associates in the 2nd quarter worth $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In related news, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Loop Capital assumed coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. The Goldman Sachs Group lowered their price objective 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, DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.31.

Jack Henry & Associates Stock Up 3.1%

Shares of NASDAQ:JKHY opened at $146.87 on Friday. The firm has a market capitalization of $10.44 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. The business has a 50 day simple moving average of $137.71 and a two-hundred day simple moving average of $159.12. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The company had revenue of $615.93 million during the quarter, compared to analysts’ expectations 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 was up 8.7% compared to the same quarter last year. During the same quarter 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, 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 declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. Jack Henry & Associates’s dividend 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.