Morningstar Investment Management LLC Acquires 10,815 Shares of Jack Henry & Associates, Inc. $JKHY

Morningstar Investment Management LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 115.5% in the 1st quarter, HoldingsChannel reports. The firm owned 20,175 shares of the technology company’s stock after buying an additional 10,815 shares during the period. Morningstar Investment Management LLC’s holdings in Jack Henry & Associates were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter worth about $35,000. SJS Investment Consulting Inc. grew its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after buying an additional 236 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $39,000. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

JKHY has been the subject of several research reports. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research report on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. Royal Bank Of Canada lowered their target price on 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. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. Finally, Barclays started coverage on Jack Henry & Associates in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.07.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $150.58 on Friday. The firm’s 50 day simple moving average is $138.34 and its 200 day simple moving average is $155.29. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.12 and a beta of 0.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. 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 announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same period in the previous year, the business earned $1.52 earnings per share. The company’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 expect that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were paid a $0.61 dividend. 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 (DPR) is presently 34.13%.

Insiders Place Their Bets

In other Jack Henry & Associates news, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This represents a 10.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. The trade was 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 insiders.

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.