Van ECK Associates Corp Sells 24,604 Shares of Jack Henry & Associates, Inc. $JKHY

Van ECK Associates Corp lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,087,028 shares of the technology company’s stock after selling 24,604 shares during the period. Van ECK Associates Corp’s holdings in Jack Henry & Associates were worth $198,361,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. boosted its stake in shares of Jack Henry & Associates by 24.4% in the 4th quarter. Vontobel Holding Ltd. now owns 3,302 shares of the technology company’s stock valued at $603,000 after purchasing an additional 648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Jack Henry & Associates by 160.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after acquiring an additional 66,633 shares during the period. Banco Santander S.A. raised its position in shares of Jack Henry & Associates by 6.3% in the 4th quarter. Banco Santander S.A. now owns 11,371 shares of the technology company’s stock valued at $2,075,000 after acquiring an additional 672 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Jack Henry & Associates by 20.6% in the 4th quarter. Macquarie Group Ltd. now owns 10,228 shares of the technology company’s stock valued at $1,866,000 after acquiring an additional 1,746 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $128.23 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.84 and a beta of 0.58. The firm’s 50 day simple moving average is $144.18 and its 200 day simple moving average is $163.82. Jack Henry & Associates, Inc. has a fifty-two week low of $124.63 and a fifty-two week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its 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 firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. The Goldman Sachs Group cut their price target on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research report on Friday, May 8th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

Insider Activity at Jack Henry & Associates

In related news, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Jack Henry & Associates Company 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.