Bank of New York Mellon Corp Sells 21,678 Shares of Jack Henry & Associates, Inc. $JKHY

Bank of New York Mellon Corp reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 691,073 shares of the technology company’s stock after selling 21,678 shares during the quarter. Bank of New York Mellon Corp’s holdings in Jack Henry & Associates were worth $126,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC boosted its stake in Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 584 shares during the period. Woodline Partners LP raised its holdings in Jack Henry & Associates by 40.6% in the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 1,778 shares in the last quarter. Jane Street Group LLC acquired a new position in Jack Henry & Associates in the 1st quarter valued at $9,430,000. Finally, Focus Partners Wealth raised its holdings in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after acquiring an additional 182 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Transactions at Jack Henry & Associates

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

Jack Henry & Associates Trading Down 0.5%

Shares of JKHY stock opened at $130.11 on Friday. The firm has a market capitalization of $9.24 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.90 and a beta of 0.58. Jack Henry & Associates, Inc. has a twelve month low of $129.25 and a twelve month 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. The stock’s fifty day simple moving average is $147.08 and its 200 day simple moving average is $165.20.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS 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 analyst estimates of $619.67 million. During the same quarter in the previous year, the company posted $1.52 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Analysts Set New Price Targets

Several brokerages have weighed in on JKHY. UBS Group set a $165.00 price objective on Jack Henry & Associates in a report on Thursday, May 7th. 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 report on Tuesday, February 17th. Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. Finally, Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned 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 $192.08.

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.