Legal & General Group Plc Lowers Position in Jack Henry & Associates, Inc. $JKHY

Legal & General Group Plc cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 412,396 shares of the technology company’s stock after selling 42,926 shares during the quarter. Legal & General Group Plc’s holdings in Jack Henry & Associates were worth $75,254,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JKHY. Van ECK Associates Corp grew its holdings in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after purchasing an additional 1,056,362 shares during the period. 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 purchasing an additional 612,444 shares during the period. UBS Group AG lifted its stake in Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after acquiring an additional 364,878 shares in the last quarter. Caisse de depot et placement du Quebec lifted its stake in Jack Henry & Associates by 880.6% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company’s stock worth $47,374,000 after acquiring an additional 285,656 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Jack Henry & Associates by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock worth $100,609,000 after acquiring an additional 240,548 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $136.37 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $9.69 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.01 and a beta of 0.63. The business’s 50-day moving average is $149.86 and its two-hundred day moving average is $166.28. Jack Henry & Associates, Inc. has a 1 year low of $132.36 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted 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 company had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Analysts anticipate that Jack Henry & Associates, Inc. will post 6.77 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Insider Activity

In other Jack Henry & Associates news, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, with a total value 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. The trade was a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JKHY. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Thursday, February 5th. Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Loop Capital began coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price on the stock. Royal Bank Of Canada decreased their target price on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. One equities 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 stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus 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.