Bank of New York Mellon Corp Decreases Position in Jack Henry & Associates, Inc. $JKHY

Bank of New York Mellon Corp decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,300 shares of the technology company’s stock after selling 54,773 shares during the quarter. Bank of New York Mellon Corp’s holdings in Jack Henry & Associates were worth $100,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its stake in Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Jack Henry & Associates during the second quarter valued at about $35,000. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $39,000. Finally, United Community Bank purchased a new stake in Jack Henry & Associates during the 4th quarter worth approximately $41,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jack Henry & Associates

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JKHY. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a report on Monday, June 29th. Barclays began coverage on Jack Henry & Associates in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 target price on the stock. UBS Group set a $165.00 price target on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Loop Capital initiated coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target on the stock. 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’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Stock Up 1.0%

JKHY opened at $153.16 on Tuesday. 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 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 $137.60 and a two-hundred day moving average of $156.03. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.13 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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%.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 earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, research analysts expect that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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