Sequoia Financial Advisors LLC Takes Position in Jack Henry & Associates, Inc. $JKHY

Sequoia Financial Advisors LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,343 shares of the technology company’s stock, valued at approximately $2,070,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank increased its holdings in Jack Henry & Associates by 14.5% during the third quarter. Huntington National Bank now owns 615 shares of the technology company’s stock worth $92,000 after buying an additional 78 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Jack Henry & Associates by 4.0% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,012 shares of the technology company’s stock worth $367,000 after buying an additional 78 shares during the last quarter. Tidal Investments LLC increased its holdings in Jack Henry & Associates by 0.4% during the second quarter. Tidal Investments LLC now owns 19,435 shares of the technology company’s stock worth $3,502,000 after buying an additional 79 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Jack Henry & Associates by 29.7% during the third quarter. Missouri Trust & Investment Co now owns 402 shares of the technology company’s stock worth $60,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on JKHY shares. Loop Capital started coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. DA Davidson decreased their price objective on shares of Jack Henry & Associates from $216.00 to $198.00 and set a “buy” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada decreased their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Thursday, February 5th. Finally, Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $145.84 on Monday. The company has a 50-day moving average price of $158.51 and a two-hundred day moving average price of $168.11. 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 twelve month low of $141.81 and a twelve month high of $193.39. The firm has a market capitalization of $10.52 billion, a PE ratio of 20.40, a P/E/G ratio of 2.13 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released 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. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the business earned $1.52 earnings per share. Jack Henry & Associates’s revenue 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 analysts forecast that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

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.