BI Asset Management Fondsmaeglerselskab A S Sells 14,881 Shares of Jack Henry & Associates, Inc. $JKHY

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 75.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,717 shares of the technology company’s stock after selling 14,881 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jack Henry & Associates were worth $861,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings 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 in the last quarter. Larson Financial Group LLC boosted its holdings 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 in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $35,000. MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $39,000. Finally, United Community Bank acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research analyst reports. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a report on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Finally, Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

Jack Henry & Associates Trading Up 0.2%

NASDAQ JKHY opened at $127.59 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a twelve month low of $124.78 and a twelve month high of $193.39. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.86 and a beta of 0.58. The business’s fifty day moving average is $145.37 and its 200 day moving average is $164.39.

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, beating the consensus estimate 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 company had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same quarter last year, the business posted $1.52 EPS. Jack Henry & Associates’s revenue for the quarter 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 expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.9%. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Insider Buying and Selling at Jack Henry & Associates

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

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.