Jack Henry & Associates, Inc. $JKHY Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 571,425 shares of the technology company’s stock after selling 78,371 shares during the period. Jack Henry & Associates makes up about 4.4% of Tandem Investment Advisors Inc.’s holdings, making the stock its 5th largest position. Tandem Investment Advisors Inc.’s holdings in Jack Henry & Associates were worth $90,308,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Jack Henry & Associates by 160.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after purchasing an additional 831,372 shares during the period. Norges Bank acquired a new position in Jack Henry & Associates during the fourth quarter worth about $128,744,000. Northwestern Mutual Wealth Management Co. increased its holdings in Jack Henry & Associates by 6,728.7% in 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. Balyasny Asset Management L.P. increased its holdings in Jack Henry & Associates by 560.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock valued at $101,656,000 after buying an additional 472,698 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after acquiring an additional 364,878 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on JKHY. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a report on Monday, June 29th. Barclays started coverage on Jack Henry & Associates in a research note on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target for the company. The Goldman Sachs Group decreased their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada dropped their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Stock Down 1.4%

JKHY stock opened at $151.67 on Friday. The company has a 50 day moving average price of $137.41 and a two-hundred day moving average price of $156.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $10.78 billion, a P/E ratio of 21.21, a PEG ratio of 2.13 and a beta of 0.57. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39.

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, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million for 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%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts expect 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. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Insider Activity at Jack Henry & Associates

In related news, CFO Mimi Carsley acquired 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 purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 21,036 shares in the company, 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. Corporate insiders own 0.60% of the company’s stock.

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.