BI Asset Management Fondsmaeglerselskab A S Buys 125,735 Shares of Jack Henry & Associates, Inc. $JKHY

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2,665.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,452 shares of the technology company’s stock after acquiring an additional 125,735 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jack Henry & Associates were worth $20,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Van ECK Associates Corp raised its position in Jack Henry & Associates by 1,911.3% in 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 purchasing an additional 1,056,362 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Norges Bank bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth $128,744,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after buying an additional 612,444 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Jack Henry & Associates by 560.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock valued at $101,656,000 after buying an additional 472,698 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley bought 375 shares of the stock in a transaction on 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 acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, with a total value 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. This trade represents a 10.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $126.23 on Friday. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.85 and a beta of 0.58. Jack Henry & Associates, Inc. has a 12 month low of $122.87 and a 12 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 has a 50-day moving average price of $141.12 and a 200 day moving average price of $162.21.

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

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Analyst Ratings Changes

Several research analysts recently issued reports on JKHY shares. The Goldman Sachs Group reduced their price target 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. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research report on Friday, May 8th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.54.

Jack Henry & Associates 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.