Jack Henry & Associates, Inc. $JKHY Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,800 shares of the technology company’s stock after selling 4,500 shares during the quarter. Forsta AP Fonden owned 0.05% of Jack Henry & Associates worth $7,080,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JKHY. Integrated Wealth Concepts LLC increased its position in shares of Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC increased its position in shares of Jack Henry & Associates by 8.8% during 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 during the period. Woodline Partners LP increased 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 valued at $1,125,000 after purchasing an additional 1,778 shares during the period. Jane Street Group LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at $9,430,000. Finally, Focus Partners Wealth increased 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 valued at $253,000 after purchasing an additional 182 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JKHY shares. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. UBS Group set a $165.00 price target on Jack Henry & Associates in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.08.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $140.20 on Tuesday. The stock has a market cap of $9.96 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The business has a fifty day simple moving average of $149.38 and a 200-day simple moving average of $166.12. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 12 month low of $132.36 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.77 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) 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.