Y Intercept Hong Kong Ltd Purchases New Holdings in Jack Henry & Associates, Inc. $JKHY

Y Intercept Hong Kong Ltd acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the first quarter, according to its most recent filing with the SEC. The firm acquired 22,581 shares of the technology company’s stock, valued at approximately $3,569,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Larson Financial Group LLC grew its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 valued at $30,000 after purchasing an additional 195 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $39,000. Finally, United Community Bank bought a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $41,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on 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. Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target for the company. The Goldman Sachs Group reduced 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. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research report on Monday, June 29th. Finally, Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One analyst has 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 has an average rating of “Moderate Buy” and a consensus price target of $187.31.

Insider Transactions at Jack Henry & Associates

In other news, CEO Gregory R. Adelson acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the purchase, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mimi Carsley purchased 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $134.12 per share, for a total transaction 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. The trade was a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $3.35 during midday trading on Tuesday, reaching $149.73. The company’s stock had a trading volume of 248,247 shares, compared to its average volume of 1,216,067. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The firm has a 50 day moving average price of $137.45 and a 200-day moving average price of $158.55. The stock has a market capitalization of $10.64 billion, a P/E ratio of 20.94, a PEG ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $619.67 million. During the same period last year, the business posted $1.52 earnings per share. Jack Henry & Associates’s 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. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 annualized dividend and a yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 34.13%.

Jack Henry & Associates 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.