Equitable Trust Co. Takes Position in Jack Henry & Associates, Inc. $JKHY

Equitable Trust Co. purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,476 shares of the technology company’s stock, valued at approximately $549,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake 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 last quarter. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates in the second quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its position 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 worth $30,000 after buying an additional 195 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates during the second quarter worth $39,000. Finally, United Community Bank purchased a new position in Jack Henry & Associates during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research note on Monday, June 29th. Barclays assumed coverage on shares of Jack Henry & Associates in a report on Tuesday. They set an “overweight” rating and a $170.00 price target on the stock. DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Monday, May 11th. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.07.

Insider Activity

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

Jack Henry & Associates Trading Up 0.1%

JKHY stock traded up $0.10 during midday trading on Friday, reaching $150.32. The company’s stock had a trading volume of 1,758,237 shares, compared to its average volume of 1,618,050. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.11 and a beta of 0.57. The stock has a fifty day simple moving average of $137.16 and a two-hundred day simple moving average of $157.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s payout ratio 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.