London Co. of Virginia Lowers Stake in Jack Henry & Associates, Inc. $JKHY

London Co. of Virginia lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,641 shares of the technology company’s stock after selling 3,795 shares during the quarter. London Co. of Virginia owned approximately 0.29% of Jack Henry & Associates worth $32,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after purchasing an additional 612,444 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Jack Henry & Associates by 47.6% during the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after buying an additional 160,118 shares during the last quarter. Comerica Bank boosted its holdings in shares of Jack Henry & Associates by 71.5% in the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock valued at $14,502,000 after buying an additional 33,145 shares in the last quarter. Swedbank AB boosted its holdings in shares of Jack Henry & Associates by 230.2% in the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares in the last quarter. Finally, Brendel Financial Advisors LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $3,001,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Mimi Carsley acquired 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory R. Adelson acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, for a total transaction 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 approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $150.58 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.12 and a beta of 0.57. 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’s 50-day simple moving average is $138.34 and its 200-day simple moving average is $155.29.

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

Jack Henry & Associates Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on JKHY. The Goldman Sachs Group reduced their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Monday, May 11th. UBS Group set a $165.00 price target on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Loop Capital assumed 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. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Profile

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.