Dai ichi Life Insurance Company Ltd Acquires 14,728 Shares of Jack Henry & Associates, Inc. $JKHY

Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 231.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,102 shares of the technology company’s stock after acquiring an additional 14,728 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Jack Henry & Associates were worth $3,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JKHY. Northwestern Mutual Wealth Management Co. grew 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 worth $113,420,000 after buying an additional 612,444 shares during the last quarter. Baillie Gifford & Co. increased its position in Jack Henry & Associates by 47.6% during the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock valued at $90,620,000 after buying an additional 160,118 shares in the last quarter. Comerica Bank raised its stake in Jack Henry & Associates by 71.5% during the fourth quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock valued at $14,502,000 after buying an additional 33,145 shares during the last quarter. Swedbank AB raised its stake in Jack Henry & Associates by 230.2% during the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares during the last quarter. Finally, Brendel Financial Advisors LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth $3,001,000. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JKHY. UBS Group set a $165.00 target price on Jack Henry & Associates in a research note on Thursday, May 7th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research note on Friday, May 8th. Royal Bank Of Canada cut their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Loop Capital started coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. Finally, Barclays assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Stock Up 1.6%

Jack Henry & Associates stock opened at $150.58 on Friday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.12 and a beta of 0.57. The stock has a fifty day simple moving average of $138.34 and a two-hundred day simple moving average of $155.29. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. 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 (NASDAQ:JKHY) last posted its quarterly 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. The firm 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 company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is 34.13%.

Insider Transactions at Jack Henry & Associates

In related news, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory R. Adelson acquired 2,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

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.