Jack Henry & Associates, Inc. $JKHY Stock Position Increased by Laurus Global Equity Management Inc.

Laurus Global Equity Management Inc. boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.5% in the third quarter, Holdings Channel reports. The institutional investor owned 84,559 shares of the technology company’s stock after purchasing an additional 5,880 shares during the period. Jack Henry & Associates accounts for approximately 8.6% of Laurus Global Equity Management Inc.’s portfolio, making the stock its 4th biggest position. Laurus Global Equity Management Inc.’s holdings in Jack Henry & Associates were worth $12,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new position in shares of Jack Henry & Associates in the 2nd quarter worth about $27,000. Quent Capital LLC purchased a new position in Jack Henry & Associates in the third quarter worth about $33,000. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the second quarter worth about $35,000. Private Trust Co. NA lifted its stake in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $39,000. 98.75% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director directly owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Up 0.5%

JKHY stock opened at $179.81 on Thursday. The business’s 50-day moving average price is $182.94 and its 200-day moving average price is $168.50. The stock has a market cap of $13.01 billion, a P/E ratio of 27.33, a PEG ratio of 3.08 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. The business had revenue of $636.11 million for the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

Analyst Upgrades and Downgrades

JKHY has been the topic of several analyst reports. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. Robert W. Baird increased their price objective on Jack Henry & Associates from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $170.00 to $215.00 in a research report on Monday, December 8th. The Goldman Sachs Group increased their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $187.00 in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.82.

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.