Jack Henry & Associates, Inc. $JKHY Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,677 shares of the technology company’s stock after purchasing an additional 11,748 shares during the quarter. Benjamin Edwards Inc. owned about 0.23% of Jack Henry & Associates worth $25,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 0.5% during the second quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock worth $1,593,294,000 after buying an additional 43,974 shares during the period. State Street Corp increased its holdings in Jack Henry & Associates by 2.6% in the 2nd quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock valued at $721,788,000 after purchasing an additional 102,534 shares during the last quarter. Geode Capital Management LLC raised its position in Jack Henry & Associates by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after purchasing an additional 61,292 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Jack Henry & Associates by 22.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Jack Henry & Associates by 0.8% during the second quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock worth $296,409,000 after purchasing an additional 13,745 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction 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 represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. Wells Fargo & Company upped their price objective on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. DA Davidson decreased their target price on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Robert W. Baird boosted their target price on Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.44.

Jack Henry & Associates Stock Up 0.2%

Jack Henry & Associates stock opened at $185.97 on Thursday. The stock’s 50 day moving average price is $174.81 and its 200 day moving average price is $167.70. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The company has a market cap of $13.46 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49.

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

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a $0.58 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s payout ratio is currently 35.26%.

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.