Jack Henry & Associates, Inc. $JKHY Stake Increased by Swedbank AB

Swedbank AB raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,336 shares of the technology company’s stock after acquiring an additional 5,549 shares during the quarter. Swedbank AB owned approximately 0.21% of Jack Henry & Associates worth $23,601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Jack Henry & Associates by 6,728.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after buying an additional 612,444 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $1,204,000. Baillie Gifford & Co. raised its position in shares of Jack Henry & Associates by 47.6% during the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after acquiring an additional 160,118 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Jack Henry & Associates by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after acquiring an additional 9,059 shares in the last quarter. Finally, Comerica Bank lifted its stake in Jack Henry & Associates by 71.5% during the fourth quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after purchasing an additional 33,145 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JKHY shares. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a report on Monday, June 29th. Barclays started coverage on shares of Jack Henry & Associates in a research report on Tuesday. They set an “overweight” rating and a $170.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.07.

Insider Activity at Jack Henry & Associates

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

Jack Henry & Associates Trading Up 1.9%

Shares of NASDAQ:JKHY opened at $150.22 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $137.23 and its 200 day moving average price is $157.75. The company has a market cap of $10.67 billion, a PE ratio of 21.01, a P/E/G ratio of 2.07 and a beta of 0.57. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate 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 company had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the business earned $1.52 earnings per share. Jack Henry & Associates’s revenue 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. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is 34.13%.

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.