9,358 Shares in Jack Henry & Associates, Inc. $JKHY Bought by Cibc World Market Inc.

Cibc World Market Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,358 shares of the technology company’s stock, valued at approximately $1,394,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its stake in Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after acquiring an additional 367 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 584 shares in the last quarter. Woodline Partners LP lifted its position in shares of Jack Henry & Associates by 40.6% during the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 1,778 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth $9,430,000. Finally, Focus Partners Wealth boosted its position in shares of Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Jack Henry & Associates from $164.00 to $181.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Thursday, February 5th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Finally, Morgan Stanley lifted their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.17.

Jack Henry & Associates Stock Down 0.5%

JKHY stock opened at $156.75 on Tuesday. The stock has a market capitalization of $11.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.71. The company has a fifty day moving average of $181.63 and a 200-day moving average of $167.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The company had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter in the previous year, the company earned $1.34 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is 33.33%.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the sale, the director directly owned 128,133 shares in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate 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.