Rockefeller Capital Management L.P. Boosts Holdings in Jack Henry & Associates, Inc. $JKHY

Rockefeller Capital Management L.P. increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 98.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,077 shares of the technology company’s stock after acquiring an additional 5,492 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Jack Henry & Associates were worth $2,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates during the 2nd quarter worth approximately $39,000. Finally, United Community Bank acquired a new position in Jack Henry & Associates during the fourth quarter worth approximately $41,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 1.3%

JKHY stock opened at $136.73 on Tuesday. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The stock has a market capitalization of $9.71 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The company has a fifty day moving average of $138.44 and a 200-day moving average of $160.05.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s payout ratio is presently 34.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JKHY shares. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research note on Monday. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 7th. Royal Bank Of Canada reduced their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Finally, Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.31.

Insider Transactions at Jack Henry & Associates

In other news, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mimi Carsley acquired 375 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. This represents a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

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.