Alberta Investment Management Corp Purchases Shares of 28,100 Jack Henry & Associates, Inc. $JKHY

Alberta Investment Management Corp bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, Holdings Channel.com reports. The fund bought 28,100 shares of the technology company’s stock, valued at approximately $4,185,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Modera Wealth Management LLC bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $3,298,000. Artisan Partners Limited Partnership acquired a new position in Jack Henry & Associates during the 2nd quarter valued at about $74,302,000. Teacher Retirement System of Texas boosted its stake in shares of Jack Henry & Associates by 693.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock worth $13,079,000 after buying an additional 76,746 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Jack Henry & Associates in the 3rd quarter worth approximately $998,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Jack Henry & Associates by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after buying an additional 32,468 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $161.14 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a 50-day moving average of $180.15 and a 200-day moving average of $167.61.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.29. The company had revenue of $611.18 million for the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 5th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several brokerages have weighed in on JKHY. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Thursday, February 5th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $181.00 to $196.00 in a report on Tuesday. Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective on the stock in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.42.

Insider Activity at Jack Henry & Associates

In related news, 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 value of $3,498,400.00. Following the completion of the sale, the director directly owned 128,133 shares in the company, valued at $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.