Sequoia Financial Advisors LLC Sells 5,307 Shares of Jack Henry & Associates, Inc. $JKHY

Sequoia Financial Advisors LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 46.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,036 shares of the technology company’s stock after selling 5,307 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jack Henry & Associates were worth $954,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JKHY. Northwestern Mutual Wealth Management Co. raised its position in shares of Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after purchasing an additional 612,444 shares during the period. Pensionfund Sabic bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $1,204,000. Baillie Gifford & Co. lifted its holdings in Jack Henry & Associates by 47.6% during the fourth quarter. Baillie Gifford & Co. now owns 496,603 shares of the technology company’s stock worth $90,620,000 after acquiring an additional 160,118 shares during the period. Comerica Bank boosted its holdings in shares of Jack Henry & Associates by 71.5% in the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after buying an additional 33,145 shares during the last quarter. Finally, Swedbank AB grew its position in Jack Henry & Associates by 230.2% during the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares during the period. 98.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the purchase, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the acquisition, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their position. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JKHY shares. UBS Group set a $165.00 price objective on Jack Henry & Associates in a report on Thursday, May 7th. Barclays began coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group dropped their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average price target of $186.07.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $151.67 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The firm has a market cap of $10.78 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.16 and a beta of 0.57. The business’s 50 day moving average price is $137.41 and its 200-day moving average price is $156.46.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. Jack Henry & Associates’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. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is 34.13%.

Jack Henry & Associates Profile

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.