Impact Partnership Wealth LLC Acquires New Position in Jack Henry & Associates, Inc. $JKHY

Impact Partnership Wealth LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, HoldingsChannel.com reports. The fund bought 4,297 shares of the technology company’s stock, valued at approximately $679,000.

Several other institutional investors have also modified their holdings of the business. State Street Corp increased its position in shares of Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after acquiring an additional 97,140 shares during the period. Invesco Ltd. increased its stake in Jack Henry & Associates by 9.5% in the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after purchasing an additional 155,616 shares during the last quarter. Wells Fargo & Company MN grew 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 buying an additional 66,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Jack Henry & Associates by 160.2% during the fourth 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 worth $246,420,000 after purchasing an additional 831,372 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Jack Henry & Associates by 1,911.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after acquiring an additional 1,056,362 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $142.42 on Thursday. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The company’s 50 day simple moving average is $137.88 and its 200 day simple moving average is $159.40. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.01 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 announced 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 business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. The business’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. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Loop Capital started coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a report on Friday, May 8th. Royal Bank Of Canada lowered their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Finally, Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average target price of $187.31.

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.