Entropy Technologies LP Invests $4.16 Million in Jack Henry & Associates, Inc. $JKHY

Entropy Technologies LP bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, HoldingsChannel.com reports. The firm bought 26,347 shares of the technology company’s stock, valued at approximately $4,164,000.

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

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. This represents a 6.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, with a total value 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 $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JKHY has been the subject of several analyst reports. Wolfe Research set a $165.00 target price on Jack Henry & Associates in a research report on Monday, June 29th. UBS Group set a $165.00 price target on Jack Henry & Associates in a research report on Thursday, May 7th. Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. Finally, Barclays assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $150.58 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The firm has a 50 day moving average of $138.34 and a 200-day moving average of $155.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $10.70 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the company earned $1.52 EPS. Jack Henry & Associates’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. 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.