Empirical Asset Management LLC Takes $526,000 Position in Jack Henry & Associates, Inc. $JKHY

Empirical Asset Management LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,535 shares of the technology company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Hantz Financial Services Inc. acquired a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $35,000. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the second quarter valued at $39,000. Quent Capital LLC acquired a new position in shares of Jack Henry & Associates during the third quarter worth $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Jack Henry & Associates during the third quarter worth $44,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, DA Davidson reissued a “buy” rating and set a $216.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.42.

Jack Henry & Associates Stock Up 0.2%

Shares of NASDAQ:JKHY opened at $156.54 on Thursday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The business’s 50-day moving average is $177.70 and its 200-day moving average is $167.38. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.38 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The business had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be paid a dividend of $0.61 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 5th. Jack Henry & Associates’s payout ratio is currently 33.33%.

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.