Swedbank AB Grows Position in Jack Henry & Associates, Inc. $JKHY

Swedbank AB raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,548 shares of the technology company’s stock after acquiring an additional 3,216 shares during the quarter. Swedbank AB owned 0.06% of Jack Henry & Associates worth $6,486,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. purchased a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the second quarter worth about $35,000. MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates in the second quarter valued at about $39,000. Private Trust Co. NA lifted its position in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at approximately $51,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $186.13 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $13.47 billion, a PE ratio of 28.29, a P/E/G ratio of 3.22 and a beta of 0.73. The firm has a 50 day simple moving average of $170.28 and a 200-day simple moving average of $167.51. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. During the same period in the previous year, the company earned $1.63 EPS. Jack Henry & Associates’s revenue for the quarter was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a $0.58 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 annualized dividend and a yield of 1.2%. Jack Henry & Associates’s payout ratio is 35.26%.

Analyst Ratings Changes

Several research firms recently weighed in on JKHY. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their target price for the company from $170.00 to $215.00 in a report on Monday, December 8th. Wells Fargo & Company lifted their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. The Goldman Sachs Group boosted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.44.

Insider Transactions at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.