13,014 Shares in Jack Henry & Associates, Inc. $JKHY Bought by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. acquired a new stake in Jack Henry & Associates, purchasing 13,014 shares valued at approximately $2.376 million during the 1st quarter.
• Jack Henry & Associates reported a Q1 EPS of $1.75, exceeding analyst expectations, with revenues of $615.37 million for the quarter.
• The stock has a market cap of $11.93 billion, with a current consensus rating of "Hold" and a target price of $186.80 from analysts.

United Asset Strategies Inc. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,014 shares of the technology company's stock, valued at approximately $2,376,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after purchasing an additional 464,941 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Jack Henry & Associates by 170.6% in the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after buying an additional 367,806 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter valued at about $31,463,000. Mackenzie Financial Corp raised its holdings in shares of Jack Henry & Associates by 22.9% during the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock valued at $146,418,000 after buying an additional 155,831 shares during the period. Finally, AQR Capital Management LLC lifted its position in Jack Henry & Associates by 363.7% during the 4th quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock worth $30,526,000 after acquiring an additional 136,579 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JKHY shares. UBS Group decreased their price target on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday. Robert W. Baird reduced their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada cut their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $183.50.

Jack Henry & Associates Stock Up 1.4%

Shares of NASDAQ:JKHY traded up $2.30 during midday trading on Friday, reaching $165.56. The company had a trading volume of 768,870 shares, compared to its average volume of 821,861. The stock has a market capitalization of $12.06 billion, a P/E ratio of 26.53, a PEG ratio of 2.95 and a beta of 0.73. The stock's fifty day moving average price is $173.70 and its 200-day moving average price is $175.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.36. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate 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%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

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.