Lombard Odier Asset Management Europe Ltd Lowers Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Lombard Odier Asset Management Europe Ltd cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,500 shares of the technology company’s stock after selling 5,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Jack Henry & Associates were worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JKHY. Essential Partners LLC lifted its position in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after buying an additional 73 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 195 shares during the period. Larson Financial Group LLC grew 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 buying an additional 169 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. lifted its holdings 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 worth $38,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other news, CFO Mimi Carsley purchased 375 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, with a total value of $50,295.00. Following the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, with a total value 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. The trade was a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JKHY shares. The Goldman Sachs Group lowered their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Barclays assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target on the stock. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Monday, June 29th. DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. Finally, Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $154.04 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The company has a market cap of $10.94 billion, a PE ratio of 21.54, a P/E/G ratio of 2.16 and a beta of 0.55. The company’s fifty day simple moving average is $139.95 and its 200-day simple moving average is $153.99. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (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 the consensus estimate of $619.67 million. During the same period in the prior year, the firm earned $1.52 EPS. The firm’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. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

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