Modera Wealth Management LLC Buys New Stake in Jack Henry & Associates, Inc. $JKHY

Modera Wealth Management LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,143 shares of the technology company’s stock, valued at approximately $3,298,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock worth $121,000 after purchasing an additional 68 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Jack Henry & Associates by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the period. Private Trust Co. NA grew its stake in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the last quarter. CX Institutional increased its position in Jack Henry & Associates by 6.3% during the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock worth $228,000 after buying an additional 75 shares during the period. Finally, QRG Capital Management Inc. increased its position in Jack Henry & Associates by 7.0% during the second quarter. QRG Capital Management Inc. now owns 1,211 shares of the technology company’s stock worth $218,000 after buying an additional 79 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the sale, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $185.11 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.19 and a beta of 0.73. The firm’s fifty day moving average price is $181.97 and its 200 day moving average price is $168.45. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were given a $0.58 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. DA Davidson decreased their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group lifted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.82.

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.