Deroy & Devereaux Private Investment Counsel Inc. Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,432 shares of the technology company’s stock, valued at approximately $3,341,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Campbell & CO Investment Adviser LLC lifted its stake in Jack Henry & Associates by 44.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 10,633 shares of the technology company’s stock valued at $1,584,000 after buying an additional 3,292 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Jack Henry & Associates by 17.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,866 shares of the technology company’s stock worth $6,831,000 after purchasing an additional 6,900 shares in the last quarter. Stephens Inc. AR increased its position in shares of Jack Henry & Associates by 6.1% during the third quarter. Stephens Inc. AR now owns 21,045 shares of the technology company’s stock worth $3,134,000 after purchasing an additional 1,210 shares in the last quarter. Quent Capital LLC acquired a new position in Jack Henry & Associates in the 3rd quarter valued at $33,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Jack Henry & Associates by 4.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,660 shares of the technology company’s stock valued at $396,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the company’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 transaction, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction dated 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 of the company’s stock, valued at approximately $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. UBS Group increased their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, DA Davidson lowered their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Jack Henry & Associates Stock Down 0.7%

JKHY stock opened at $191.25 on Friday. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00. The firm has a market cap of $13.84 billion, a PE ratio of 29.07, a PEG ratio of 3.32 and a beta of 0.73. The firm’s 50 day moving average price is $179.10 and its 200-day moving average price is $168.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current 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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $634.42 million. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’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. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

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.