Intech Investment Management LLC Has $8.33 Million Stock Position in Jack Henry & Associates, Inc. $JKHY

Intech Investment Management LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,652 shares of the technology company’s stock after selling 5,998 shares during the period. Intech Investment Management LLC’s holdings in Jack Henry & Associates were worth $8,331,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Huntington National Bank grew its holdings in shares of Jack Henry & Associates by 17.9% during the 4th quarter. Huntington National Bank now owns 725 shares of the technology company’s stock worth $132,000 after purchasing an additional 110 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Jack Henry & Associates by 12.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,867 shares of the technology company’s stock worth $341,000 after purchasing an additional 211 shares in the last quarter. Allstate Corp grew its holdings in shares of Jack Henry & Associates by 87.2% during the 4th quarter. Allstate Corp now owns 6,115 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 2,848 shares in the last quarter. Summitry LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth $720,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Jack Henry & Associates by 64.1% during the 4th quarter. Clearstead Advisors LLC now owns 325 shares of the technology company’s stock worth $59,000 after purchasing an additional 127 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $136.37 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a twelve month low of $132.36 and a twelve month high of $193.39. The company has a market cap of $9.69 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.02 and a beta of 0.63. The business has a fifty day simple moving average of $149.86 and a 200 day simple moving average of $166.28.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.43 by $0.28. The firm had revenue of $615.93 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 6.77 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a $0.61 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.8%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.

Analyst Ratings Changes

JKHY has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on 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. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

Insider Activity

In other news, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost 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 of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the company’s 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 transaction, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was 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 company insiders.

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.