OP Asset Management Ltd Purchases New Position in Jack Henry & Associates, Inc. $JKHY

OP Asset Management Ltd acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, Holdings Channel reports. The fund acquired 7,848 shares of the technology company’s stock, valued at approximately $1,240,000.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd grew its stake 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 buying an additional 195 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates during the second quarter worth approximately $39,000. Finally, United Community Bank acquired a new position in Jack Henry & Associates during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JKHY shares. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research report on Monday. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Royal Bank Of Canada decreased their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of 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. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.31.

Insiders Place Their Bets

In related news, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the purchase, the chief executive officer 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Trading Up 1.3%

Shares of JKHY stock opened at $136.73 on Tuesday. The business’s 50 day moving average is $138.44 and its two-hundred day moving average is $160.05. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a market capitalization of $9.71 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.97 and a beta of 0.58. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data 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 company 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%. Jack Henry & Associates’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $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 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is currently 34.13%.

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.