22,432 Shares in Jack Henry & Associates, Inc. $JKHY Purchased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, Holdings Channel reports. The firm bought 22,432 shares of the technology company’s stock, valued at approximately $3,341,000.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Jack Henry & Associates by 11.3% in the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after purchasing an additional 68 shares during the period. Advisory Services Network LLC boosted its position in Jack Henry & Associates by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after buying an additional 69 shares during the period. Private Trust Co. NA grew its stake in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Phillips Wealth Planners LLC increased its position in shares of Jack Henry & Associates by 4.7% during the second quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock worth $290,000 after acquiring an additional 73 shares during the period. Finally, CX Institutional raised its stake in shares of Jack Henry & Associates by 6.3% in the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after acquiring an additional 75 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. The trade was a 13.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction 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 sale, the director owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. Wolfe Research set a $220.00 price objective on shares of Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Raymond James Financial upgraded shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a research note on Thursday, November 20th. Finally, Wells Fargo & Company raised their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Jack Henry & Associates Trading Down 0.7%

Shares of Jack Henry & Associates stock opened at $191.25 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $179.10 and a 200-day simple moving average of $168.22. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 3.32 and a beta of 0.73. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share. Jack Henry & Associates’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

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.