Achmea Investment Management B.V. Decreases Stake in Jack Henry & Associates, Inc. $JKHY

Achmea Investment Management B.V. reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,522 shares of the technology company’s stock after selling 5,128 shares during the period. Achmea Investment Management B.V.’s holdings in Jack Henry & Associates were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares during the period. Quent Capital LLC bought a new stake in shares of Jack Henry & Associates during the third quarter valued at about $33,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter worth about $35,000. MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates in the second quarter worth about $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Jack Henry & Associates in the third quarter valued at approximately $44,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $216.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. UBS Group increased their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $185.00 to $210.00 in a research note on Tuesday, December 16th. Finally, Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $165.15 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. Jack Henry & Associates, Inc. has a one year low of $144.12 and a one year high of $193.39. The business’s 50 day simple moving average is $172.59 and its two-hundred day simple moving average is $167.93. The stock has a market capitalization of $11.92 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results 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 business had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter last year, the firm earned $1.34 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. This is a positive change 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 is currently 35.06%.

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.