OMERS ADMINISTRATION Corp Increases Stock Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Jack Henry & Associates by 19.3%, now owning 12,452 shares valued at approximately $2.27 million.
• Insider trading was noted as Director David B. Foss sold 5,780 shares, reducing his ownership by 3.98%.
• Jack Henry & Associates reported an earnings per share (EPS) of $1.75 for the recent quarter, exceeding analysts' expectations of $1.50, with a revenue increase of 9.9% year over year.

OMERS ADMINISTRATION Corp raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,452 shares of the technology company's stock after acquiring an additional 2,017 shares during the period. OMERS ADMINISTRATION Corp's holdings in Jack Henry & Associates were worth $2,274,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates during the 1st quarter valued at about $38,000. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the last quarter. National Pension Service boosted its position in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after buying an additional 115 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in Jack Henry & Associates in the 4th quarter valued at about $54,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $0.02 during midday trading on Thursday, reaching $161.57. 300,673 shares of the stock traded hands, compared to its average volume of 642,870. Jack Henry & Associates, Inc. has a 12-month low of $157.80 and a 12-month high of $196.00. The business has a 50-day moving average of $170.82 and a two-hundred day moving average of $174.71. The stock has a market capitalization of $11.77 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.79.

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

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's dividend payout ratio is presently 37.18%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JKHY. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Keefe, Bruyette & Woods lowered their price objective 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, August 21st. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Robert W. Baird lowered their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Finally, UBS Group lowered 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, August 21st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Profile

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.