Pinestone Asset Management Reduces $7M in Jack Henry & Associates, Inc. ($JKHY)

Pinestone Asset Management has significantly reduced its stake in Jack Henry & Associates, Inc. (NasdaqGS: JKHY). According to the latest SEC Form 13F filing, the firm slashed its holdings by 85.7%, cutting 51,600 shares and ending with 8,600 shares. The value of this reduced position is approximately $1.10 million as of the filing date on May 1, 2026.

What Changed in Pinestone Asset Management's Jack Henry & Associates Position

Pinestone's decision to cut its stake in Jack Henry & Associates from 60,200 shares to 8,600 shares marks a substantial reduction. The change involved selling 51,600 shares, representing an 85.7% decrease in their holdings. This move reflects a significant shift in the asset manager's investment strategy regarding Jack Henry, with the remaining shares valued at about $1.10 million.

Other Institutional Activity in Jack Henry & Associates

In other institutional moves, BlackRock, Inc. trimmed its position by 20,495 shares to hold 5,958,055 shares, valued at roughly $941.61 million. Kayne Anderson Rudnick Investment Management LLC also reduced its holdings, selling 401,144 shares, leaving it with 5,459,640 shares worth about $862.84 million. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both significantly increased their stakes, each adding millions of shares to their portfolios. Morgan Stanley boosted its holdings by 233,589 shares, bringing its total to 2,683,848 shares valued at $424.16 million.

Jack Henry & Associates Stock Snapshot

Shares of Jack Henry & Associates are currently trading around $128.23. The company has a market capitalization of $9.11 billion and a P/E ratio of 17.88. With a beta of 0.575, the stock shows lower volatility compared to the market. Over the past year, the stock has seen a low of $124.63 and a high of $193.39. It has a 50-day moving average of $144.35 and a 200-day moving average of $161.30.

Recent Earnings

Jack Henry & Associates reported revenue of approximately $2.52 billion, showing a growth rate of 8.7%. The company's net margin stands at 20.64%, with a return on equity of 24.89%. Earnings per share are $7.17. The next earnings announcement is scheduled for August 18, 2026.

Dividend

The company pays an annual dividend rate of $2.38, yielding 1.86%. The dividend payout ratio is 32.82%, indicating a sustainable payout relative to its earnings.

Insider Buying and Selling at Jack Henry & Associates, Inc.

Recent insider activity includes CFO and Treasurer Mimi Carsley purchasing 375 shares at an average price of $134.12 on May 14, 2026. On the same day, President and CEO Gregory Adelson bought 2,000 shares at $133.42. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On May 7, 2026, RBC Capital maintained its "buy" rating with a price target of $180, while Goldman Sachs held its "hold" rating, targeting $161. DA Davidson also maintained a "buy" rating, setting a price target at $198 on May 1, 2026. Overall, the consensus rating is a "buy," with an average target price of $188 based on 13 analyst opinions.

About Jack Henry & Associates

Jack Henry & Associates, Inc. is a financial technology company headquartered in Monett, Missouri. It provides technology solutions and payment processing services to financial institutions. The company operates through four segments: Core, Payments, Complementary, and Corporate and Other. With approximately 7,300 employees, it delivers a range of services including core information processing, payment processing, and digital banking solutions.

Bottom Line

Pinestone Asset Management's significant reduction in Jack Henry & Associates reflects a strategic shift in its portfolio. Investors often watch these filings for insights into institutional sentiment. While the filing represents past actions, Jack Henry's market position and analyst ratings suggest ongoing interest in its stock.