TD Asset Management Inc Purchases 51,699 Shares of Jack Henry & Associates, Inc. $JKHY

TD Asset Management Inc lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.8% in the 4th quarter, Holdings Channel reports. The fund owned 581,424 shares of the technology company’s stock after buying an additional 51,699 shares during the quarter. TD Asset Management Inc’s holdings in Jack Henry & Associates were worth $106,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after acquiring an additional 69 shares during the period. DNB Asset Management AS grew its stake in shares of Jack Henry & Associates by 0.6% during the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after acquiring an additional 76 shares during the period. Huntington National Bank grew its stake in shares of Jack Henry & Associates by 14.5% during the 3rd quarter. Huntington National Bank now owns 615 shares of the technology company’s stock worth $92,000 after acquiring an additional 78 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of Jack Henry & Associates by 4.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,012 shares of the technology company’s stock worth $367,000 after acquiring an additional 78 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Jack Henry & Associates by 0.4% during the 2nd quarter. Tidal Investments LLC now owns 19,435 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 79 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of several research reports. The Goldman Sachs Group cut their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada cut their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Loop Capital initiated coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price for the company. Finally, Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

Jack Henry & Associates Stock Down 1.8%

Shares of NASDAQ JKHY opened at $130.73 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $130.66 and a 52 week high of $193.39. The business has a 50-day simple moving average of $147.62 and a two-hundred day simple moving average of $165.44. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The company has a market cap of $9.29 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.95 and a beta of 0.58.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.71 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 business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter last year, the company earned $1.52 EPS. The firm’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. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders 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 annualized dividend and a yield of 1.9%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.

Insider Activity

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price 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 approximately $805,658.84. The trade was a 6.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction 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 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

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.