Norges Bank Makes New $128.74 Million Investment in Jack Henry & Associates, Inc. $JKHY

Norges Bank acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 705,522 shares of the technology company’s stock, valued at approximately $128,744,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in 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 buying an additional 169 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the second quarter valued at $35,000. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 195 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates in the 2nd quarter worth about $39,000. Finally, United Community Bank bought a new position in shares of Jack Henry & Associates in the 4th quarter worth about $41,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Jack Henry & Associates news, CEO Gregory R. Adelson bought 2,000 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mimi Carsley bought 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired 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 in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Down 1.8%

Shares of NASDAQ:JKHY opened at $130.73 on Friday. The business’s 50 day simple moving average is $147.62 and its two-hundred day simple moving average is $165.44. The firm has a market cap of $9.29 billion, a P/E ratio of 18.28, a PEG ratio of 1.95 and a beta of 0.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. Jack Henry & Associates, Inc. has a 52-week low of $130.66 and a 52-week high of $193.39.

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

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be given a $0.61 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.9%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Thursday, February 5th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a report on Thursday, February 5th. Finally, Royal Bank Of Canada reduced their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average price target of $192.08.

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.