Alberta Investment Management Corp Makes New $4.19 Million Investment in Jack Henry & Associates, Inc. $JKHY

Alberta Investment Management Corp acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,100 shares of the technology company’s stock, valued at approximately $4,185,000.

A number of other large investors have also recently added to or reduced their stakes in JKHY. NEOS Investment Management LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $222,000. GSA Capital Partners LLP boosted its position in Jack Henry & Associates by 5.6% during the third quarter. GSA Capital Partners LLP now owns 4,175 shares of the technology company’s stock worth $622,000 after purchasing an additional 221 shares during the period. Phillips Wealth Planners LLC lifted its position in Jack Henry & Associates by 8.2% during the 3rd quarter. Phillips Wealth Planners LLC now owns 1,743 shares of the technology company’s stock worth $257,000 after acquiring an additional 132 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Jack Henry & Associates by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock valued at $100,609,000 after buying an additional 240,548 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its stake in shares of Jack Henry & Associates by 29.7% in the third quarter. Missouri Trust & Investment Co now owns 402 shares of the technology company’s stock valued at $60,000 after purchasing an additional 92 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $161.14 on Friday. The business has a 50-day simple moving average of $180.15 and a two-hundred day simple moving average of $167.61. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million for the quarter, compared to analysts’ expectations 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 was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is currently 33.33%.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 20,000 shares of the firm’s 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 completion of the sale, the director owned 128,133 shares in the company, valued at $22,413,024.36. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research reports. UBS Group upped their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Thursday, February 5th. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley boosted their target price on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.42.

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.