LGT Fund Management Co Ltd. Buys 5,354 Shares of Jack Henry & Associates, Inc. $JKHY

LGT Fund Management Co Ltd. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 25.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,411 shares of the technology company’s stock after buying an additional 5,354 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Jack Henry & Associates were worth $4,174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JKHY. Caitong International Asset Management Co. Ltd grew its stake in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. SJS Investment Consulting Inc. grew its position in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates in the second quarter worth $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JKHY shares. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. The Goldman Sachs Group lowered their price target 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. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a report on Friday, May 8th. Finally, Loop Capital started coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Price Performance

JKHY traded up $0.10 during trading on Friday, reaching $150.32. The stock had a trading volume of 1,758,237 shares, compared to its average volume of 1,618,050. The business has a 50-day moving average of $137.16 and a 200-day moving average of $157.70. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. 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 cap of $10.68 billion, a PE ratio of 21.02, a PEG ratio of 2.11 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results 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. 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 analyst estimates of $619.67 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s 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. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is currently 34.13%.

Insider Buying and Selling

In other Jack Henry & Associates news, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

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.