WCM Investment Management LLC Purchases Shares of 6,373 Jack Henry & Associates, Inc. $JKHY

WCM Investment Management LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,373 shares of the technology company’s stock, valued at approximately $997,000.

Several other large investors have also recently modified their holdings of the stock. State Street Corp boosted its holdings in 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 valued at $611,103,000 after acquiring an additional 97,140 shares during the period. Invesco Ltd. increased its stake in Jack Henry & Associates by 9.5% in the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after purchasing an additional 155,616 shares during the period. Wells Fargo & Company MN increased its stake in Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after purchasing an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Jack Henry & Associates by 160.2% in 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 valued at $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Jack Henry & Associates by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock valued at $179,354,000 after purchasing an additional 37,814 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In related news, CEO Gregory R. Adelson acquired 2,000 shares of the firm’s 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 of the company’s stock, valued at $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the transaction, the chief financial officer owned 6,007 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JKHY shares. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research note on Friday, May 8th. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a research report on Monday, June 29th. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Finally, Loop Capital initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Trading Down 2.8%

JKHY opened at $148.90 on Wednesday. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. 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 business has a 50 day simple moving average of $137.68 and a two-hundred day simple moving average of $155.79. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.15 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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 firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the company earned $1.52 EPS. The business’s quarterly 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. Analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

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.