Boston Trust Walden Corp Trims Position in Jack Henry & Associates, Inc. $JKHY

Boston Trust Walden Corp lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% in the first quarter, Holdings Channel.com reports. The fund owned 364,342 shares of the technology company’s stock after selling 9,019 shares during the period. Boston Trust Walden Corp’s holdings in Jack Henry & Associates were worth $57,581,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 acquiring an additional 612,444 shares during the period. Pensionfund Sabic purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $1,204,000. Baillie Gifford & Co. lifted its stake in shares of Jack Henry & Associates by 47.6% in the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after purchasing an additional 160,118 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Jack Henry & Associates by 164.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock valued at $1,703,000 after purchasing an additional 7,111 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Jack Henry & Associates by 1.0% during the third quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after purchasing an additional 9,059 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research reports. Royal Bank Of Canada decreased their price objective on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 7th. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research report on Monday. Loop Capital initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.31.

Insider Buying and Selling

In related news, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Up 3.1%

JKHY stock opened at $146.87 on Friday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.00 and a beta of 0.57. 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, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The business has a fifty day moving average price of $137.71 and a 200-day moving average price of $159.12.

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

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s payout ratio is presently 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.