Cibc World Market Inc. Takes Position in Jack Henry & Associates, Inc. $JKHY

Cibc World Market Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,358 shares of the technology company’s stock, valued at approximately $1,394,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JKHY. Norges Bank bought a new stake in Jack Henry & Associates during the second quarter valued at about $115,471,000. Artisan Partners Limited Partnership bought a new position in Jack Henry & Associates during the second quarter valued at approximately $74,302,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth about $33,853,000. Finally, Amundi raised its holdings in Jack Henry & Associates by 80.5% during the 2nd quarter. Amundi now owns 359,892 shares of the technology company’s stock valued at $64,572,000 after buying an additional 160,492 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In other news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $156.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $11.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.71. The firm’s 50-day moving average is $181.63 and its two-hundred day moving average is $167.78. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The company had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. During the same period in the prior year, the firm earned $1.34 earnings per share. The firm’s 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. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be given a $0.61 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 annualized dividend and a yield of 1.6%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wells Fargo & Company boosted their price objective on shares of Jack Henry & Associates from $164.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. UBS Group raised their target price on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their price target for the company from $170.00 to $215.00 in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and an average price target of $199.17.

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.