Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 4,600 Shares of Jack Henry & Associates, Inc. $JKHY

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,966 shares of the technology company’s stock after purchasing an additional 4,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Jack Henry & Associates were worth $7,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JKHY. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates in the first quarter valued at $38,000. Private Trust Co. NA lifted its holdings in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Assetmark Inc. boosted its position in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after acquiring an additional 149 shares during the last quarter. Finally, National Pension Service grew its holdings in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

JKHY has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. The Goldman Sachs Group dropped their price target on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. UBS Group reduced their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. DA Davidson lowered their price objective on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company raised shares of Jack Henry & Associates to a “hold” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $172.25.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $149.89 on Thursday. The stock has a market capitalization of $10.89 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The stock has a 50 day moving average price of $155.72 and a two-hundred day moving average price of $168.78.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same period last year, the business earned $1.33 EPS. Jack Henry & Associates’s quarterly revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 37.18%.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.