WCM Investment Management LLC Invests $997,000 in Jack Henry & Associates, Inc. $JKHY

WCM Investment Management LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,373 shares of the technology company’s stock, valued at approximately $997,000.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Jack Henry & Associates by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock valued at $118,842,000 after purchasing an additional 86,810 shares during the period. SEB Asset Management AB bought a new position in shares of Jack Henry & Associates in the first quarter worth $2,419,000. Swiss National Bank increased its holdings in shares of Jack Henry & Associates by 7.0% in the first quarter. Swiss National Bank now owns 212,400 shares of the technology company’s stock worth $33,568,000 after purchasing an additional 13,900 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Jack Henry & Associates by 233.0% in the first quarter. Mediolanum International Funds Ltd now owns 7,286 shares of the technology company’s stock worth $1,140,000 after buying an additional 5,098 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Jack Henry & Associates by 42.0% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 433 shares of the technology company’s stock worth $68,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity

In other news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were 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 in the company, valued at approximately $805,658.84. This represents a 6.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price 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 $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JKHY shares. Royal Bank Of Canada reduced their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Loop Capital started coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target on the stock. The Goldman Sachs Group dropped their price target on 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. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Monday, May 11th. Finally, Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Stock Down 2.8%

Shares of NASDAQ:JKHY opened at $148.90 on Wednesday. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The firm has a fifty day moving average of $137.68 and a 200 day moving average of $155.79. The firm has a market capitalization of $10.58 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. 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 (NASDAQ:JKHY) last released its earnings results 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 return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were given a dividend of $0.61 per share. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is 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.