Public Sector Pension Investment Board Buys 40,893 Shares of Jack Henry & Associates, Inc. $JKHY

Public Sector Pension Investment Board raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 592.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,797 shares of the technology company’s stock after purchasing an additional 40,893 shares during the period. Public Sector Pension Investment Board owned 0.07% of Jack Henry & Associates worth $7,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth $27,000. Quent Capital LLC bought a new position in Jack Henry & Associates during the third quarter worth about $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates in the second quarter worth about $35,000. Private Trust Co. NA raised its position in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at approximately $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 1.2%

Shares of JKHY opened at $158.59 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The company has a market capitalization of $11.44 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.39 and a beta of 0.71. 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 firm’s 50 day simple moving average is $181.19 and its 200 day simple moving average is $167.72.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $608.46 million. During the same quarter last year, the company posted $1.34 EPS. The business’s quarterly 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. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is 35.06%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on JKHY. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective on the stock in a research note on Thursday, February 5th. DA Davidson reissued a “buy” rating and set a $216.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, February 4th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley increased their price target on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.42.

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.