Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $1 Million Investment in Jack Henry & Associates, Inc. $JKHY

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,359 shares of the technology company’s stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after purchasing an additional 831,372 shares in the last quarter. Norges Bank purchased a new stake in Jack Henry & Associates in the 4th quarter valued at approximately $128,744,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Jack Henry & Associates by 560.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock worth $101,656,000 after purchasing an additional 472,698 shares during the period. Finally, UBS Group AG increased its position in 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 purchasing an additional 364,878 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired 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 of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was 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 in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JKHY. Barclays initiated coverage on Jack Henry & Associates in a report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target for the company. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research report on Monday, June 29th. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Price Performance

JKHY stock opened at $148.47 on Thursday. The firm has a 50 day moving average of $137.14 and a 200-day moving average of $156.72. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month 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 company has a market cap of $10.55 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.04 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share 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 business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the firm posted $1.52 EPS. The company’s 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. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders 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 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.