Swedbank AB Purchases 8,685 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Swedbank AB increased its stake in Jack Henry & Associates by 27.5% in Q1, owning approximately $7.35 million worth of shares.
• Jack Henry & Associates reported Q1 revenue of $615.37 million and EPS of $1.75, exceeding estimates and showing a 9.9% increase year-over-year.
• The company announced a quarterly dividend of $0.58 per share, with a dividend yield of 1.5%, to be paid on September 26th.

Swedbank AB raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,274 shares of the technology company's stock after acquiring an additional 8,685 shares during the period. Swedbank AB owned about 0.06% of Jack Henry & Associates worth $7,354,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Jack Henry & Associates by 147.5% in the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after buying an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jack Henry & Associates by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after buying an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. boosted its position in Jack Henry & Associates by 14.5% in the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after buying an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. boosted its position in shares of Jack Henry & Associates by 82.7% in the 1st quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock worth $1,227,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Jack Henry & Associates by 928.9% in the 1st quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock worth $974,000 after purchasing an additional 4,821 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $2.50 on Friday, reaching $151.97. 3,452,842 shares of the company were exchanged, compared to its average volume of 694,997. Jack Henry & Associates, Inc. has a one year low of $151.69 and a one year high of $196.00. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.75 and a beta of 0.79. The company has a 50-day moving average of $165.98 and a 200-day moving average of $173.71.

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. 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 for the quarter, compared to analyst estimates of $602.20 million. During the same quarter in the prior year, the business posted $1.33 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. Robert W. Baird cut their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and a consensus target price of $182.33.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director owned 139,265 shares in the company, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Company 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.