Walker Asset Management LLC Purchases 5,694 Shares of Jack Henry & Associates, Inc. $JKHY

Walker Asset Management LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,617 shares of the technology company’s stock after acquiring an additional 5,694 shares during the quarter. Jack Henry & Associates makes up about 20.0% of Walker Asset Management LLC’s holdings, making the stock its biggest holding. Walker Asset Management LLC owned 0.32% of Jack Henry & Associates worth $36,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at $35,000. SJS Investment Consulting Inc. boosted its position in shares of Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after buying an additional 236 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates in the second quarter worth $39,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JKHY. Royal Bank Of Canada lowered their price target on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research report on Thursday, May 7th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research note on Friday, May 8th. Finally, Wolfe Research set a $165.00 target price on Jack Henry & Associates in a report on Monday. One research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.31.

Jack Henry & Associates Trading Up 0.7%

Shares of NASDAQ:JKHY opened at $137.74 on Wednesday. The firm has a fifty day moving average of $138.11 and a two-hundred day moving average of $159.72. The firm has a market capitalization of $9.79 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.00 and a beta of 0.58. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same period in the prior year, the business posted $1.52 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were paid a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. Jack Henry & Associates’s payout ratio is 34.13%.

Insider Transactions at Jack Henry & Associates

In other news, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.60% of the company’s stock.

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.