Dockside LLC Takes $5.37 Million Position in Jack Henry & Associates, Inc. $JKHY

Dockside LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, Holdings Channel reports. The institutional investor bought 29,409 shares of the technology company’s stock, valued at approximately $5,367,000. Jack Henry & Associates makes up approximately 1.4% of Dockside LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Jack Henry & Associates by 6,728.7% in the 4th 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 during the last quarter. Pensionfund Sabic bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at $1,204,000. Baillie Gifford & Co. increased its stake 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 valued at $90,620,000 after purchasing an additional 160,118 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Jack Henry & Associates by 164.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock valued at $1,703,000 after purchasing an additional 7,111 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Jack Henry & Associates by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock valued at $139,390,000 after purchasing an additional 9,059 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 1.8%

JKHY stock opened at $128.23 on Friday. The stock’s 50 day simple moving average is $144.18 and its 200 day simple moving average is $163.82. Jack Henry & Associates, Inc. has a fifty-two week low of $124.63 and a fifty-two week high of $193.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $9.11 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.88 and a beta of 0.58.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The firm had revenue of $615.93 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, research analysts expect that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JKHY. The Goldman Sachs Group decreased their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Royal Bank Of Canada decreased their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. UBS Group set a $165.00 price target on Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Moderate Buy” and an average target price of $192.08.

Insider Buying and Selling

In related news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, 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. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

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.