Oak Associates Ltd. OH Sells 4,796 Shares of Jack Henry & Associates, Inc. $JKHY

Oak Associates Ltd. OH trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 58.6% during the first quarter, Holdings Channel reports. The firm owned 3,390 shares of the technology company’s stock after selling 4,796 shares during the period. Oak Associates Ltd. OH’s holdings in Jack Henry & Associates were worth $536,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JKHY. Integrated Wealth Concepts LLC raised its holdings in shares of Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC boosted its stake in Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after buying an additional 584 shares in the last quarter. Woodline Partners LP grew its position in Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 1,778 shares during the period. Jane Street Group LLC bought a new stake in Jack Henry & Associates in the first quarter valued at $9,430,000. Finally, Focus Partners Wealth raised its stake in Jack Henry & Associates by 15.1% during the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after acquiring an additional 182 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JKHY. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research note on Friday, May 8th. Loop Capital assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target for the company. Barclays assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Finally, Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Insider Activity at Jack Henry & Associates

In related news, CFO Mimi Carsley purchased 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of the company’s 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 transaction, the chief executive officer directly owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $148.23 on Friday. The business has a fifty day moving average of $138.06 and a 200-day moving average of $155.33. 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 twelve month low of $121.04 and a twelve month high of $193.39. The firm has a market cap of $10.53 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 net margin of 20.64% and a return on equity of 24.03%. The business had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the prior year, the company earned $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. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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 dividend payout ratio is 34.13%.

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.