JPMorgan Chase & Co. Raises Stock Holdings in Jack Henry & Associates, Inc. $JKHY

JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 55.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675,529 shares of the technology company’s stock after acquiring an additional 240,548 shares during the quarter. JPMorgan Chase & Co. owned 0.93% of Jack Henry & Associates worth $100,609,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Hantz Financial Services Inc. bought a new stake in shares of Jack Henry & Associates during the second quarter worth $27,000. Quent Capital LLC purchased a new position in Jack Henry & Associates in the 3rd quarter worth about $33,000. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the 2nd quarter valued at about $35,000. MUFG Securities EMEA plc purchased a new stake in Jack Henry & Associates in the 2nd quarter valued at about $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at about $44,000. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Finally, Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $187.00 in a report on Thursday, November 6th. One analyst has 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $159.19 on Monday. The company has a market capitalization of $11.49 billion, a PE ratio of 22.87, a P/E/G ratio of 2.42 and a beta of 0.71. The company has a 50-day simple moving average of $179.58 and a two-hundred day simple moving average of $167.55. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm had revenue of $611.18 million for the quarter, compared to the consensus estimate of $608.46 million. During the same quarter in the previous year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, March 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Company 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.