Louisiana State Employees Retirement System Takes Position in Jack Henry & Associates, Inc. $JKHY

Louisiana State Employees Retirement System acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,700 shares of the technology company’s stock, valued at approximately $585,000.

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

Jack Henry & Associates Stock Up 0.2%

NASDAQ:JKHY opened at $146.71 on Wednesday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.06 and a beta of 0.57. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average price is $137.36 and its 200 day moving average price is $158.25.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping 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 firm had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. 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 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.

Insider Buying and Selling

In related news, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price 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 $805,658.84. This represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Barclays began coverage on Jack Henry & Associates in a research note on Tuesday. They issued an “overweight” rating on the stock. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Monday, June 29th. Finally, The Goldman Sachs Group decreased their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus target price of $187.31.

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.