Jack Henry & Associates, Inc. $JKHY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 164,698 shares of the technology company’s stock after selling 10,449 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Jack Henry & Associates were worth $26,029,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JKHY. Integrated Wealth Concepts LLC boosted its position in Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC lifted its stake in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 584 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 1,778 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Jack Henry & Associates in the first quarter worth about $9,430,000. Finally, Focus Partners Wealth boosted its position in shares of Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Royal Bank Of Canada decreased their price target on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. The Goldman Sachs Group lowered 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. Loop Capital began coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price on the stock. Finally, Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.07.

Insider Buying and Selling at Jack Henry & Associates

In related news, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Trading Up 0.3%

Shares of JKHY opened at $150.73 on Tuesday. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The stock has a 50-day moving average price of $137.10 and a 200 day moving average price of $157.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $10.71 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.11 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 return on equity of 24.03% and a net margin of 20.64%.The company had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same period in the previous year, the business earned $1.52 EPS. Jack Henry & Associates’s revenue for the quarter 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. Sell-side analysts forecast 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. Investors of record on Monday, June 1st were issued 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 dividend 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.