Pictet Asset Management Holding SA Lowers Stake in Jack Henry & Associates, Inc. $JKHY

Pictet Asset Management Holding SA lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,578 shares of the technology company’s stock after selling 10,235 shares during the period. Pictet Asset Management Holding SA’s holdings in Jack Henry & Associates were worth $12,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $39,000. Finally, United Community Bank bought a new position in Jack Henry & Associates during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $133.42 per share, with a total value of $266,840.00. Following the transaction, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a report on Friday, May 8th. The Goldman Sachs Group reduced 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 research report on Thursday, May 7th. Finally, Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.31.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $146.87 on Friday. The business’s fifty day moving average price is $137.71 and its 200-day moving average price is $159.12. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same quarter in the previous year, the company posted $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. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 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.