Geode Capital Management LLC Sells 28,052 Shares of Jack Henry & Associates, Inc. $JKHY

Geode Capital Management LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,127,231 shares of the technology company’s stock after selling 28,052 shares during the period. Geode Capital Management LLC’s holdings in Jack Henry & Associates were worth $386,836,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after purchasing an additional 97,140 shares during the period. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after buying an additional 1,056,362 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Jack Henry & Associates by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after buying an additional 9,059 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after buying an additional 364,878 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of analyst reports. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research report on Friday, May 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research report on Thursday, May 7th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.08.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $136.37 on Monday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $149.86 and a 200-day moving average price of $166.30. Jack Henry & Associates, Inc. has a twelve month low of $132.36 and a twelve month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping 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 return on equity of 24.03% and a net margin of 20.64%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.77 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Insider Transactions at Jack Henry & Associates

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

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.