Jack Henry & Associates, Inc. $JKHY Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.6% in the 1st quarter, Holdings Channel reports. The firm owned 12,500 shares of the technology company’s stock after selling 5,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Jack Henry & Associates were worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Norges Bank purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $128,744,000. Northwestern Mutual Wealth Management Co. lifted its stake in Jack Henry & Associates by 6,728.7% in the 4th 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 in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Jack Henry & Associates by 560.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock worth $101,656,000 after purchasing an additional 472,698 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after purchasing an additional 364,878 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mimi Carsley purchased 375 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Up 1.6%

Shares of NASDAQ JKHY opened at $150.58 on Friday. The company has a market capitalization of $10.70 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The company has a 50 day simple moving average of $138.34 and a 200-day simple moving average of $155.29. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’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 predict that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 34.13%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wolfe Research set a $165.00 target price on Jack Henry & Associates in a research note on Monday, June 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $186.07.

About Jack Henry & Associates

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.