Jack Henry & Associates, Inc. $JKHY Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 649,796 shares of the technology company’s stock after selling 25,346 shares during the period. Jack Henry & Associates makes up approximately 4.4% of Tandem Investment Advisors Inc.’s holdings, making the stock its 7th largest holding. Tandem Investment Advisors Inc.’s holdings in Jack Henry & Associates were worth $118,575,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased 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 period. Larson Financial Group LLC boosted its holdings in Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc acquired a new position in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $39,000. Finally, United Community Bank acquired a new stake in shares of 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.

Insider Buying and Selling

In other news, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the purchase, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mimi Carsley purchased 375 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer 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.

Jack Henry & Associates Price Performance

JKHY opened at $140.19 on Tuesday. The stock’s 50 day moving average price is $152.30 and its 200 day moving average price is $167.01. 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 stock has a market cap of $9.96 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.08 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $132.36 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.7%. Jack Henry & Associates’s payout ratio is presently 34.13%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a report on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Loop Capital initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price for the company. Finally, Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Moderate Buy” and an average 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.