Sanctuary Advisors LLC Sells 3,827 Shares of Jack Henry & Associates, Inc. $JKHY

Sanctuary Advisors LLC lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,899 shares of the technology company’s stock after selling 3,827 shares during the quarter. Sanctuary Advisors LLC’s holdings in Jack Henry & Associates were worth $3,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 195 shares during the period. Larson Financial Group LLC lifted its holdings in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the second quarter worth $35,000. SJS Investment Consulting Inc. boosted its position in Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after acquiring an additional 236 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Jack Henry & Associates during the 2nd quarter valued at $39,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $151.67 on Monday. The stock has a market capitalization of $10.78 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. 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 firm has a 50 day moving average of $137.41 and a 200 day moving average of $156.25.

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

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling at Jack Henry & Associates

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JKHY shares. Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Monday, May 11th. Wolfe Research set a $165.00 target price on Jack Henry & Associates in a research note on Monday, June 29th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research note on Friday, May 8th. Finally, Loop Capital assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $186.07.

Jack Henry & Associates Company 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.