Kestra Private Wealth Services LLC Has $200,000 Stock Position in Jack Henry & Associates, Inc. $JKHY

Kestra Private Wealth Services LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 79.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,267 shares of the technology company’s stock after selling 4,829 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Jack Henry & Associates were worth $200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC increased its position in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 584 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after acquiring an additional 1,778 shares during the period. Jane Street Group LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $9,430,000. Finally, Focus Partners Wealth lifted its position in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after acquiring an additional 182 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Up 1.6%

Shares of NASDAQ:JKHY traded up $2.32 during midday trading on Tuesday, reaching $148.70. The company had a trading volume of 18,025 shares, compared to its average volume of 1,214,353. 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 business’s 50 day moving average price is $137.45 and its 200 day moving average price is $158.55. The stock has a market cap of $10.57 billion, a PE ratio of 20.85, a P/E/G ratio of 2.06 and a beta of 0.57. 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 issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue 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. Research analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the acquisition, 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. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory R. Adelson acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price 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. This trade represents a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of research analyst reports. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research note on Monday, June 29th. Loop Capital began coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One analyst has 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 MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average target price of $187.31.

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.