Impact Partnership Wealth LLC Invests $679,000 in Jack Henry & Associates, Inc. $JKHY

Impact Partnership Wealth LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,297 shares of the technology company’s stock, valued at approximately $679,000.

A number of other large investors have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. increased its stake in shares of Jack Henry & Associates by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after acquiring an additional 64 shares during the period. Advisory Services Network LLC lifted its position in Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Jack Henry & Associates by 0.3% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after purchasing an additional 71 shares during the last quarter. DNB Asset Management AS boosted its holdings in Jack Henry & Associates by 0.6% in the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after purchasing an additional 76 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Jack Henry & Associates by 5.1% during the 4th quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock worth $291,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer 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. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JKHY shares. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a report on Monday. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. 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 for the company in a report on Thursday, May 7th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.31.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $142.42 on Thursday. The company’s 50-day moving average is $137.88 and its two-hundred day moving average is $159.40. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. 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 firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.01 and a beta of 0.57.

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 the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. 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 earned $1.52 EPS. The business’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. Analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. Jack Henry & Associates’s payout ratio is currently 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.