Sanctuary Advisors LLC Reduces Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Sanctuary Advisors LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,899 shares of the technology company’s stock after selling 3,827 shares during the quarter. Sanctuary Advisors LLC’s holdings in Jack Henry & Associates were worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Jack Henry & Associates by 6,728.7% during the fourth 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 in the last quarter. Pensionfund Sabic purchased a new position in Jack Henry & Associates during the 4th quarter valued at approximately $1,204,000. Baillie Gifford & Co. raised its holdings in shares of Jack Henry & Associates by 47.6% during the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after acquiring an additional 160,118 shares in the last quarter. Comerica Bank raised its holdings in shares of Jack Henry & Associates by 71.5% during the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after acquiring an additional 33,145 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after acquiring an additional 100,239 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Loop Capital started coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target on the stock. The Goldman Sachs Group lowered 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. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Barclays initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average target price of $186.07.

Jack Henry & Associates Price Performance

JKHY opened at $151.67 on Monday. The business has a fifty day moving average of $137.41 and a 200 day moving average of $156.25. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.78 billion, a P/E ratio of 21.21, a PEG ratio of 2.13 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The business 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%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS 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 paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

Insider Buying and Selling

In other news, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

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.