Jack Henry & Associates, Inc. $JKHY Shares Purchased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 212,400 shares of the technology company’s stock after purchasing an additional 13,900 shares during the period. Swiss National Bank’s holdings in Jack Henry & Associates were worth $33,568,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Jack Henry & Associates by 6,728.7% during the fourth 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. Baillie Gifford & Co. raised its holdings in shares of Jack Henry & Associates by 47.6% in the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after buying an additional 160,118 shares in the last quarter. Comerica Bank lifted its position in shares of Jack Henry & Associates by 71.5% during the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after buying an additional 33,145 shares during the period. Brendel Financial Advisors LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $3,001,000. Finally, Swedbank AB boosted its stake in Jack Henry & Associates by 230.2% in the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 price target on the stock. Barclays initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 target price on the stock. The Goldman Sachs Group lowered their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research report on Friday, May 8th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.07.

Insiders Place Their Bets

In other news, CFO Mimi Carsley bought 375 shares of the 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 purchase, the chief financial officer 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 filing with the SEC, which is available at the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents 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 company insiders.

Jack Henry & Associates Trading Up 1.4%

JKHY opened at $148.23 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The stock has a market capitalization of $10.53 billion, a PE ratio of 20.73, a PEG ratio of 2.05 and a beta of 0.57. 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 firm has a 50-day moving average price of $138.06 and a two-hundred day moving average price of $155.33.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company 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 business earned $1.52 earnings per share. Jack Henry & Associates’s quarterly revenue 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. 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 Announces Dividend

The company also recently disclosed 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 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 currently 34.13%.

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.