Jack Henry & Associates, Inc. $JKHY Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,138 shares of the technology company’s stock after purchasing an additional 6,924 shares during the period. CIBC Asset Management Inc’s holdings in Jack Henry & Associates were worth $9,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Caitong International Asset Management Co. Ltd increased its position 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 worth $30,000 after purchasing an additional 195 shares during the last quarter. Larson Financial Group LLC increased its position 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 purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates in the second quarter worth $35,000. MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates in the second quarter worth $39,000. Finally, United Community Bank acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth $41,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mimi Carsley acquired 375 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY opened at $130.11 on Friday. The company has a fifty day simple moving average of $147.08 and a 200 day simple moving average of $165.20. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.58. Jack Henry & Associates, Inc. has a twelve month low of $129.25 and a twelve month high of $193.39. 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 released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the business earned $1.52 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JKHY. DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Monday, May 11th. 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 for the company in a research report on Thursday, May 7th. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th. Finally, Royal Bank Of Canada dropped 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 issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.08.

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.