Gotham Asset Management LLC Purchases 98,308 Shares of Jack Henry & Associates, Inc. $JKHY

Gotham Asset Management LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 60.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,328 shares of the technology company’s stock after acquiring an additional 98,308 shares during the quarter. Gotham Asset Management LLC’s holdings in Jack Henry & Associates were worth $47,505,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JKHY. Northwestern Mutual Wealth Management Co. increased its stake in Jack Henry & Associates by 6,728.7% during 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 acquiring an additional 612,444 shares during the period. Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $1,204,000. Dynamic Technology Lab Private Ltd boosted its position in Jack Henry & Associates by 164.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock valued at $1,703,000 after buying an additional 7,111 shares in the last quarter. Baillie Gifford & Co. grew its position in Jack Henry & Associates by 47.6% during the 4th quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after acquiring an additional 160,118 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Jack Henry & Associates by 1.0% during the third quarter. Mackenzie Financial Corp now owns 935,946 shares of the technology company’s stock worth $139,390,000 after purchasing an additional 9,059 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In related news, CFO Mimi Carsley purchased 375 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing 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 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 completion of the transaction, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JKHY. Loop Capital initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. UBS Group set a $165.00 price target on Jack Henry & Associates in a report on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

Jack Henry & Associates Trading Down 3.9%

Shares of JKHY stock opened at $124.22 on Thursday. The company has a market capitalization of $8.83 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.89 and a beta of 0.58. The firm has a 50 day moving average price of $142.39 and a two-hundred day moving average price of $162.81. 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 12-month low of $123.56 and a 12-month 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, 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 firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter 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, 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 disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

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.