Jack Henry & Associates, Inc. $JKHY Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 98.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,077 shares of the technology company’s stock after purchasing an additional 5,492 shares during the period. Rockefeller Capital Management L.P.’s holdings in Jack Henry & Associates were worth $2,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Caitong International Asset Management Co. Ltd grew its position in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc purchased a new stake in Jack Henry & Associates in the 2nd quarter valued at approximately $39,000. Finally, United Community Bank purchased a new stake in Jack Henry & Associates in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on JKHY shares. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research report on Friday, May 8th. The Goldman Sachs Group decreased their price objective 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. Wolfe Research set a $165.00 price objective on Jack Henry & Associates in a research report on Monday. Finally, UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.31.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $136.73 on Tuesday. The company has a market cap of $9.71 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.97 and a beta of 0.58. 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, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. The business has a fifty day simple moving average of $138.44 and a 200-day simple moving average of $160.05.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same period in the prior year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. Jack Henry & Associates’s dividend payout ratio is currently 34.13%.

Insider Activity

In related news, CEO Gregory R. Adelson acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. The trade was a 6.66% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.60% of the company’s stock.

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.