Swedbank AB Raises Stock Position in Jack Henry & Associates, Inc. $JKHY

Swedbank AB increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 230.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,787 shares of the technology company’s stock after purchasing an additional 100,239 shares during the period. Swedbank AB’s holdings in Jack Henry & Associates were worth $26,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares during the period. Pensionfund Sabic purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at $1,204,000. Bank of New York Mellon Corp grew its position in Jack Henry & Associates by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock worth $106,150,000 after purchasing an additional 32,468 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Jack Henry & Associates by 164.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 7,111 shares during the period. Finally, Alberta Investment Management Corp purchased a new position in Jack Henry & Associates during the 3rd quarter valued at about $4,185,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $140.19 on Tuesday. The company has a 50-day simple moving average of $152.30 and a 200-day simple moving average of $167.01. The firm has a market capitalization of $9.96 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. Jack Henry & Associates, Inc. has a one year low of $132.36 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a report on Thursday, February 5th. DA Davidson restated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Royal Bank Of Canada lowered their price target 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, May 7th. Finally, The Goldman Sachs Group lowered their price target on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. One research 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’s stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

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.