Forsta AP Fonden Has $7.08 Million Stock Position in Jack Henry & Associates, Inc. $JKHY

Forsta AP Fonden decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,800 shares of the technology company’s stock after selling 4,500 shares during the period. Forsta AP Fonden’s holdings in Jack Henry & Associates were worth $7,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JKHY. Caitong International Asset Management Co. Ltd boosted its position in Jack Henry & Associates by 3,900.0% during the third 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 during the last quarter. Larson Financial Group LLC boosted its position in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates during the second quarter valued at $35,000. MUFG Securities EMEA plc acquired a new stake in Jack Henry & Associates during the second quarter valued at $39,000. Finally, United Community Bank acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 2.8%

Jack Henry & Associates stock opened at $140.20 on Tuesday. 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 business’s 50-day simple moving average is $149.38 and its 200-day simple moving average is $166.12. The firm has a market capitalization of $9.96 billion, a PE ratio of 19.61, a PEG ratio of 2.02 and a beta of 0.58. Jack Henry & Associates, Inc. has a 52 week low of $132.36 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted 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. The business had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.77 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be paid a $0.61 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. Jack Henry & Associates’s payout ratio is presently 34.13%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stephens raised 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. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research report on Friday, May 8th. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Thursday, February 5th. Royal Bank Of Canada reduced their price target 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, Loop Capital initiated coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. One research analyst has 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mimi Carsley acquired 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.60% of the company’s stock.

About Jack Henry & Associates

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.