Intech Investment Management LLC Sells 5,998 Shares of Jack Henry & Associates, Inc. $JKHY

Intech Investment Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,652 shares of the technology company’s stock after selling 5,998 shares during the period. Intech Investment Management LLC owned 0.06% of Jack Henry & Associates worth $8,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Jack Henry & Associates by 2.4% during the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after purchasing an additional 97,140 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after acquiring an additional 155,616 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after acquiring an additional 1,056,362 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Jack Henry & Associates by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock worth $139,390,000 after acquiring an additional 9,059 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after acquiring an additional 364,878 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on JKHY shares. Royal Bank Of Canada decreased their target price on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. The Goldman Sachs Group decreased their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. One investment 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 data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

Insiders Place Their Bets

In other news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory R. Adelson acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $136.37 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The stock’s fifty day moving average price is $149.86 and its two-hundred day moving average price is $166.28. Jack Henry & Associates, Inc. has a one year low of $132.36 and a one year high of $193.39. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.02 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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 firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 6.77 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

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.