Equitable Trust Co. Takes $549,000 Position in Jack Henry & Associates, Inc. $JKHY

Equitable Trust Co. acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 3,476 shares of the technology company’s stock, valued at approximately $549,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its position in Jack Henry & Associates by 3,900.0% during the 3rd 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 during the period. Larson Financial Group LLC lifted its position in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $35,000. SJS Investment Consulting Inc. boosted its stake in shares of 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 in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on JKHY shares. Barclays initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday. They issued an “overweight” rating and a $170.00 price objective for the company. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Finally, UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average target price of $186.07.

Jack Henry & Associates Stock Up 0.1%

Shares of Jack Henry & Associates stock traded up $0.10 on Friday, reaching $150.32. The stock had a trading volume of 1,758,237 shares, compared to its average volume of 1,618,050. 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 stock has a market capitalization of $10.68 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.11 and a beta of 0.57. The company has a 50 day moving average price of $137.16 and a 200 day moving average price of $157.70. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the company posted $1.52 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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 of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates’s payout ratio is 34.13%.

Insiders Place Their Bets

In other news, CFO Mimi Carsley purchased 375 shares of the stock in a transaction 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 transaction, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, for a total transaction 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. This trade represents a 10.51% 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.

Jack Henry & Associates 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.