Elo Mutual Pension Insurance Co Acquires New Shares in Jack Henry & Associates, Inc. $JKHY

Elo Mutual Pension Insurance Co bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,406 shares of the technology company’s stock, valued at approximately $1,997,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates during the second quarter worth about $27,000. Quent Capital LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $33,000. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc bought a new position in Jack Henry & Associates in the second quarter valued at approximately $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Jack Henry & Associates in the third quarter valued at approximately $44,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JKHY shares. Morgan Stanley raised their price objective 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. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a research note on Thursday, November 20th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price target for the company from $179.00 to $187.00 in a report on Thursday, November 6th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $168.43 on Thursday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00. The company has a market cap of $12.16 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $175.70 and its 200 day simple moving average is $167.54.

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

Jack Henry & Associates Increases Dividend

The company also recently announced 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 is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 33.33%.

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.