33,298 Shares in Jack Henry & Associates, Inc. $JKHY Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,298 shares of the technology company’s stock, valued at approximately $4,959,000.

Several other large investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the second quarter worth approximately $35,000. MUFG Securities EMEA plc acquired a new stake in Jack Henry & Associates in the second quarter worth approximately $39,000. Private Trust Co. NA lifted its position in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the period. Finally, Quent Capital LLC bought a new position in Jack Henry & Associates during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer owned 1,420 shares of the company’s stock, valued at $228,378.60. The trade was a 13.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research reports. UBS Group boosted their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. DA Davidson cut their price target on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company raised their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.82.

Jack Henry & Associates Trading Up 0.5%

Shares of JKHY opened at $188.70 on Friday. The business’s 50-day moving average price is $181.55 and its 200 day moving average price is $168.50. The stock has a market capitalization of $13.66 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.24 and a beta of 0.73. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were paid a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

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.