Jack Henry & Associates, Inc. $JKHY Holdings Increased by Swedbank AB

Swedbank AB lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% in the first quarter, HoldingsChannel reports. The fund owned 149,336 shares of the technology company’s stock after purchasing an additional 5,549 shares during the quarter. Swedbank AB’s holdings in Jack Henry & Associates were worth $23,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in shares of Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after acquiring an additional 97,140 shares during the period. Invesco Ltd. lifted its position in Jack Henry & Associates by 9.5% in the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after purchasing an additional 155,616 shares during the period. Wells Fargo & Company MN lifted its position in Jack Henry & Associates by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after purchasing an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 worth $246,420,000 after purchasing an additional 831,372 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Jack Henry & Associates by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock valued at $179,354,000 after purchasing an additional 37,814 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JKHY has been the topic of several research analyst reports. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research report on Friday, May 8th. Loop Capital started coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price for the company. The Goldman Sachs Group lowered their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $186.07.

Insider Activity at Jack Henry & Associates

In other news, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. The trade was a 6.66% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $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.

Jack Henry & Associates Stock Up 1.9%

Shares of Jack Henry & Associates stock opened at $150.22 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The firm has a market capitalization of $10.67 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. 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’s fifty day moving average is $137.23 and its 200-day moving average is $157.75.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a $0.61 dividend. 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 (DPR) is presently 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.