Lombard Odier Asset Management Europe Ltd Lowers Holdings in Jack Henry & Associates, Inc. $JKHY

Lombard Odier Asset Management Europe Ltd reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,500 shares of the technology company’s stock after selling 5,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Jack Henry & Associates were worth $1,976,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Northwest & Ethical Investments L.P. boosted its stake in shares of Jack Henry & Associates by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after buying an additional 64 shares during the last quarter. Advisory Services Network LLC raised its position in Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after acquiring an additional 69 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in Jack Henry & Associates by 0.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after acquiring an additional 71 shares in the last quarter. DNB Asset Management AS lifted its holdings in Jack Henry & Associates by 0.6% in the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after acquiring an additional 76 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Jack Henry & Associates by 5.1% in the fourth quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock valued at $291,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price objective on shares of 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. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Royal Bank Of Canada lowered their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Insider Buying and Selling at Jack Henry & Associates

In related news, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price 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 in the company, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $150.58 on Friday. 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 12-month low of $121.04 and a 12-month high of $193.39. The business’s 50 day moving average is $138.34 and its two-hundred day moving average is $155.29. The company has a market capitalization of $10.70 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.12 and a beta of 0.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The business 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 revenue was up 8.7% compared to the same quarter last year. During the same period 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. Analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were paid 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 dividend payout ratio (DPR) is currently 34.13%.

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.