Summitry LLC Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Summitry LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,944 shares of the technology company’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC increased its holdings in Jack Henry & Associates by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after purchasing an additional 69 shares in the last quarter. DNB Asset Management AS increased its holdings in Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after purchasing an additional 76 shares in the last quarter. Huntington National Bank increased its holdings in Jack Henry & Associates by 14.5% in the 3rd quarter. Huntington National Bank now owns 615 shares of the technology company’s stock worth $92,000 after purchasing an additional 78 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Jack Henry & Associates by 4.0% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,012 shares of the technology company’s stock worth $367,000 after purchasing an additional 78 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in Jack Henry & Associates by 0.4% in the 2nd quarter. Tidal Investments LLC now owns 19,435 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity

In related news, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction dated 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 owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mimi Carsley purchased 375 shares of the firm’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 purchase, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $140.19 on Tuesday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.08 and a beta of 0.63. The stock has a 50-day moving average of $152.30 and a 200-day moving average of $167.01. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 1-year low of $132.36 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million during 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 business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders 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 annualized dividend and a dividend yield of 1.7%. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JKHY. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Weiss Ratings cut Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Thursday, February 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

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.