iA Global Asset Management Inc. Buys Shares of 4,911 Jack Henry & Associates, Inc. $JKHY

iA Global Asset Management Inc. bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,911 shares of the technology company’s stock, valued at approximately $776,000.

Other large investors have also made changes to their positions in the company. Northwest & Ethical Investments L.P. increased its holdings in Jack Henry & Associates by 3.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock valued at $365,000 after buying an additional 64 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after acquiring an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its position in shares of Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after acquiring an additional 71 shares during the period. DNB Asset Management AS increased its stake in shares of Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after purchasing an additional 76 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Jack Henry & Associates by 5.1% in 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. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of analyst reports. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. The Goldman Sachs Group lowered their price objective on 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. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a report on Monday. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 7th. Finally, Loop Capital assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price on the stock. One 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 company’s stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus target price of $187.31.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $146.87 on Friday. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. 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 $137.71 and a 200-day moving average price of $159.12. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) 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 company earned $1.52 EPS. The firm’s quarterly 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, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were given a dividend of $0.61 per share. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

Insider Buying and Selling at Jack Henry & Associates

In related news, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through 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 bought at an average cost 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 of the company’s stock, valued at $805,658.84. This represents a 6.66% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

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.