Louisiana State Employees Retirement System Invests $585,000 in Jack Henry & Associates, Inc. $JKHY

Louisiana State Employees Retirement System acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,700 shares of the technology company’s stock, valued at approximately $585,000.

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

Insider Activity at Jack Henry & Associates

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JKHY. Loop Capital initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target for the company. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a report on Friday, May 8th. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research report on Monday, June 29th. Finally, Royal Bank Of Canada dropped their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.31.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $146.71 on Wednesday. The stock has a market cap of $10.42 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.06 and a beta of 0.57. The firm’s 50-day simple moving average is $137.36 and its 200 day simple moving average is $158.25. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. 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 (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The firm had revenue of $615.93 million during 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%. Jack Henry & Associates’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Jack Henry & Associates Company 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.