BI Asset Management Fondsmaeglerselskab A S Purchases 17,480 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Jack Henry & Associates by 434%, acquiring 17,480 additional shares and now owns a total of 21,508 shares valued at approximately $3.9 million.
• Jack Henry & Associates reported a quarterly earnings per share (EPS) of $1.75, surpassing analysts' expectations of $1.50, and revenues of $615.37 million, which exceeded projections of $602.20 million.
• Analyst ratings on Jack Henry & Associates show a consensus of three Buy, eight Hold, and one Sell, with a consensus price target of $186.80.

BI Asset Management Fondsmaeglerselskab A S boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 434.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,508 shares of the technology company's stock after acquiring an additional 17,480 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Jack Henry & Associates were worth $3,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its stake in Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after acquiring an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Jack Henry & Associates by 2.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after acquiring an additional 64 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in Jack Henry & Associates by 12.1% in the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after acquiring an additional 68 shares during the last quarter. AdvisorNet Financial Inc increased its stake in Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after acquiring an additional 75 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV increased its stake in Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.4%

Shares of Jack Henry & Associates stock traded up $2.30 during trading on Friday, reaching $165.56. 768,870 shares of the stock were exchanged, compared to its average volume of 821,861. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average is $173.70 and its 200 day moving average is $175.24. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73. Jack Henry & Associates, Inc. has a 1 year low of $157.80 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JKHY. Robert W. Baird reduced their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday. UBS Group cut their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research report on Thursday. DA Davidson restated a "buy" rating and set a $212.00 price target on shares of Jack Henry & Associates in a research report on Monday, August 18th. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $183.50.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company's stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.