Key Points
- CEO Gregory Adelson bought 2,000 shares of Jack Henry & Associates at an average price of $133.42, a $266,840 purchase that increased his direct stake by 10.51% to 21,036 shares.
- The stock has been under pressure recently, trading down 5.2% and opening at $134.03, near its 52-week low of $132.36 and well below its 50-day and 200-day moving averages.
- Jack Henry posted solid quarterly results and a dividend, with EPS of $1.71 beating estimates and revenue up 8.7% year over year; the company also announced a $0.61 quarterly dividend, implying a 1.8% yield.
Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) CFO Mimi Carsley acquired 375 shares of the company's stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $134.12 per share, for a total transaction 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 trade represents a 6.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jack Henry & Associates Trading Down 5.2%
Shares of JKHY opened at $134.03 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $132.36 and a 12-month high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.09 and a beta of 0.63. The stock's 50-day moving average price is $156.44 and its 200 day moving average price is $167.61.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping 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 company had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter last year, the company earned $1.52 EPS. The company's quarterly 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 predict that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.
Jack Henry & Associates Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates's dividend payout ratio (DPR) is 34.13%.
Wall Street Analysts Forecast Growth
JKHY has been the topic of several analyst reports. Royal Bank Of Canada lowered their price target on shares of Jack Henry & Associates from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. Weiss Ratings lowered shares of Jack Henry & Associates from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. Wells Fargo & Company raised shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research note on Friday, May 8th. Finally, Stephens raised Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and set a $205.00 target price for the company in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.08.
View Our Latest Analysis on Jack Henry & Associates
Institutional Investors Weigh In On Jack Henry & Associates
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its position in 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 valued at $30,000 after purchasing an additional 195 shares during the last quarter. Larson Financial Group LLC grew its holdings 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 worth $32,000 after purchasing an additional 169 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the second quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Jack Henry & Associates by 3,933.3% in the first 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. 98.75% of the stock is owned by institutional investors and hedge funds.
Jack Henry & Associates Company Profile
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Get Free Report)
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.
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