Hsbc Holdings PLC Cuts Stake in Jack Henry & Associates, Inc. $JKHY

Hsbc Holdings PLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,740 shares of the technology company’s stock after selling 3,795 shares during the quarter. Hsbc Holdings PLC’s holdings in Jack Henry & Associates were worth $22,827,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JKHY. Northwestern Mutual Wealth Management Co. lifted its stake in Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares during the last quarter. Pensionfund Sabic purchased a new stake in Jack Henry & Associates in the fourth quarter worth $1,204,000. Baillie Gifford & Co. increased its position in Jack Henry & Associates by 47.6% in the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after buying an additional 160,118 shares during the last quarter. Comerica Bank raised its stake in shares of Jack Henry & Associates by 71.5% in the fourth quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock valued at $14,502,000 after buying an additional 33,145 shares during the period. Finally, Swedbank AB raised its stake in shares of Jack Henry & Associates by 230.2% in the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $148.90 on Wednesday. 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 fifty-two week low of $121.04 and a fifty-two week high of $193.39. The stock has a market cap of $10.58 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. The stock has a fifty day moving average of $137.68 and a 200-day moving average of $155.79.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the firm posted $1.52 EPS. The firm’s quarterly 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 anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

Insider Transactions at Jack Henry & Associates

In other news, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction that occurred 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 completion of the purchase, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% 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, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost 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. This trade represents a 6.66% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group set a $165.00 price objective on Jack Henry & Associates in a report on Thursday, May 7th. 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 report on Thursday, May 7th. Royal Bank Of Canada cut their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.