SEB Asset Management AB Buys Shares of 15,305 Jack Henry & Associates, Inc. $JKHY

SEB Asset Management AB bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,305 shares of the technology company’s stock, valued at approximately $2,419,000.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in shares of Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC raised its position in Jack Henry & Associates by 8.8% in the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 584 shares during the period. Woodline Partners LP lifted its stake in Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 1,778 shares in the last quarter. Jane Street Group LLC acquired a new position in Jack Henry & Associates during the first quarter worth $9,430,000. Finally, Focus Partners Wealth boosted its position in shares of Jack Henry & Associates by 15.1% during the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after buying an additional 182 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In related news, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $133.42 per share, with a total value of $266,840.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the purchase, the chief financial officer directly 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. 0.60% of the stock is owned by company insiders.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $148.23 on Friday. The company has a fifty day simple moving average of $138.06 and a two-hundred day simple moving average of $155.33. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were issued a dividend of $0.61 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. Wolfe Research set a $165.00 target price on Jack Henry & Associates in a report on Monday, June 29th. Loop Capital began coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price for the company. Finally, Barclays began coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and a consensus target price of $186.07.

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.