Nordea Investment Management AB Sells 19,247 Shares of Jack Henry & Associates, Inc. $JKHY

Nordea Investment Management AB lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 770,574 shares of the technology company’s stock after selling 19,247 shares during the quarter. Nordea Investment Management AB owned about 1.06% of Jack Henry & Associates worth $115,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Jack Henry & Associates by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after acquiring an additional 43,974 shares during the period. State Street Corp grew its holdings in Jack Henry & Associates by 2.6% in the second quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock worth $721,788,000 after purchasing an additional 102,534 shares during the period. Geode Capital Management LLC increased its stake in shares of Jack Henry & Associates by 3.0% during the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after purchasing an additional 61,292 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Jack Henry & Associates by 22.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Jack Henry & Associates by 0.8% during the second quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock valued at $296,409,000 after purchasing an additional 13,745 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. UBS Group increased their target price on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. DA Davidson reduced their price target on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $188.45 on Wednesday. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 3.29 and a beta of 0.73. The business’s fifty day simple moving average is $177.88 and its two-hundred day simple moving average is $167.89. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.33. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 annualized dividend and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

Insider Activity

In other news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares of the company’s stock, valued at $228,378.60. This trade represents a 13.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The stock was 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 of the company’s stock, valued at $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Jack Henry & Associates 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.