Canoe Financial LP Invests $2.15 Million in Jack Henry & Associates, Inc. $JKHY

Canoe Financial LP bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,461 shares of the technology company’s stock, valued at approximately $2,154,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of Jack Henry & Associates in the second quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates in the second quarter worth about $35,000. MUFG Securities EMEA plc bought a new position in Jack Henry & Associates in the 2nd quarter valued at about $39,000. Private Trust Co. NA increased its stake in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Steph & Co. bought a new stake in shares of Jack Henry & Associates during the 2nd quarter worth about $51,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. DA Davidson lowered their price target on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Robert W. Baird upped their price objective on Jack Henry & Associates from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued 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 $190.44.

Jack Henry & Associates Stock Performance

JKHY opened at $185.13 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The firm has a market cap of $13.40 billion, a PE ratio of 28.13, a P/E/G ratio of 3.20 and a beta of 0.73. The business has a fifty day simple moving average of $169.62 and a 200-day simple moving average of $167.55. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company had revenue of $636.11 million for the quarter, compared to analyst estimates of $634.42 million. During the same period in the previous year, the firm earned $1.63 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

Insider Activity

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.