Blackhawk Capital Partners LLC Takes $416,000 Position in Jack Henry & Associates, Inc. $JKHY

Blackhawk Capital Partners LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,791 shares of the technology company’s stock, valued at approximately $416,000.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new stake in Jack Henry & Associates during the second quarter worth $27,000. Quent Capital LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth $33,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $35,000. Private Trust Co. NA boosted its position in Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates in the second quarter valued at about $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price target for the company from $170.00 to $215.00 in a research report on Monday, December 8th. The Goldman Sachs Group boosted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. DA Davidson lowered their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Finally, Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $195.82.

Insider Activity

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the firm’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 completion of the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Trading Down 1.9%

Shares of Jack Henry & Associates stock opened at $185.11 on Friday. The firm’s 50 day simple moving average is $181.97 and its two-hundred day simple moving average is $168.53. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.25 and a beta of 0.73. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm 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 company earned $1.63 earnings per share. The business’s quarterly revenue 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. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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