Lombard Odier Asset Management Europe Ltd Reduces Holdings in Jack Henry & Associates, Inc. $JKHY

Lombard Odier Asset Management Europe Ltd reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the technology company’s stock after selling 5,500 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Jack Henry & Associates were worth $1,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA lifted its holdings in shares of Jack Henry & Associates by 51.0% in the 1st quarter. Glenmede Trust Co. NA now owns 5,326 shares of the technology company’s stock valued at $842,000 after purchasing an additional 1,799 shares during the last quarter. Summitry LLC lifted its stake in Jack Henry & Associates by 4.8% in the first quarter. Summitry LLC now owns 4,135 shares of the technology company’s stock valued at $653,000 after buying an additional 191 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after acquiring an additional 73 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after acquiring an additional 1,070,376 shares during the period. Finally, Amundi grew its position in shares of Jack Henry & Associates by 80.5% during the first quarter. Amundi now owns 626,837 shares of the technology company’s stock worth $99,065,000 after acquiring an additional 279,466 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

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

Analyst Ratings Changes

A number of research firms have commented on JKHY. Barclays assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price objective on the stock. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research report on Monday, June 29th. The Goldman Sachs Group lowered their target price on 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. Finally, Royal Bank Of Canada dropped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.07.

Jack Henry & Associates Stock Performance

JKHY opened at $154.04 on Monday. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The stock has a market cap of $10.94 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.16 and a beta of 0.55. The stock’s 50 day simple moving average is $139.95 and its 200 day simple moving average is $153.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.28. The firm had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal 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 given a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 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.