Meiji Yasuda Asset Management Co Ltd. Acquires 5,274 Shares of Jack Henry & Associates, Inc. $JKHY

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.4% during the fourth quarter, Holdings Channel reports. The fund owned 25,248 shares of the technology company’s stock after buying an additional 5,274 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jack Henry & Associates were worth $4,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FourThought Financial Partners LLC boosted its stake in shares of Jack Henry & Associates by 3.8% during the fourth quarter. FourThought Financial Partners LLC now owns 2,493 shares of the technology company’s stock valued at $455,000 after purchasing an additional 92 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Jack Henry & Associates by 11.3% during the fourth quarter. Global Retirement Partners LLC now owns 3,023 shares of the technology company’s stock valued at $552,000 after purchasing an additional 308 shares during the period. Leonteq Securities AG purchased a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $80,000. ABN Amro Investment Solutions purchased a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $355,000. Finally, Quantum Private Wealth LLC boosted its stake in shares of Jack Henry & Associates by 16.1% during the fourth quarter. Quantum Private Wealth LLC now owns 1,987 shares of the technology company’s stock valued at $363,000 after purchasing an additional 275 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price 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 of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mimi Carsley purchased 375 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost 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 of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JKHY. Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group dropped their price objective 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. One analyst has 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $140.19 on Friday. The stock has a fifty day moving average of $152.82 and a 200 day moving average of $166.98. Jack Henry & Associates, Inc. has a 52 week low of $132.36 and a 52 week high of $193.39. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.07 and a beta of 0.63. 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 (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS 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 company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the firm posted $1.52 earnings per share. The firm’s 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, research analysts expect that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

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.