Arrowstreet Capital Limited Partnership Decreases Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Arrowstreet Capital Limited Partnership reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 37.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 428,923 shares of the technology company’s stock after selling 255,365 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Jack Henry & Associates were worth $67,787,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Caxton Associates LLP purchased a new stake in Jack Henry & Associates during the 1st quarter worth about $708,000. Inceptionr LLC purchased a new stake in Jack Henry & Associates during the first quarter worth approximately $742,000. Gibbs Wealth Management purchased a new stake in Jack Henry & Associates during the first quarter worth approximately $347,000. Sei Investments Co. boosted its holdings in Jack Henry & Associates by 15.9% in the first quarter. Sei Investments Co. now owns 157,857 shares of the technology company’s stock valued at $24,947,000 after purchasing an additional 21,677 shares in the last quarter. Finally, Aureus Asset Management LLC boosted its holdings in Jack Henry & Associates by 41.8% in the first quarter. Aureus Asset Management LLC now owns 1,696 shares of the technology company’s stock valued at $268,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

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 company insiders.

Analysts Set New Price Targets

JKHY has been the topic of a number of research analyst reports. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a report on Monday, June 29th. DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. The Goldman Sachs Group dropped their target price on shares of 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. Loop Capital assumed coverage on shares of 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. Finally, UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $150.58 on Monday. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The stock has a market capitalization of $10.70 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The business has a 50 day simple moving average of $138.34 and a 200-day simple moving average of $155.11.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. 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.