Barclays PLC Purchases 78,420 Shares of Jack Henry & Associates, Inc. $JKHY

Barclays PLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 27.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 360,941 shares of the technology company’s stock after acquiring an additional 78,420 shares during the quarter. Barclays PLC owned 0.50% of Jack Henry & Associates worth $53,755,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in JKHY. Quent Capital LLC purchased a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $33,000. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates during the 2nd quarter valued at $35,000. MUFG Securities EMEA plc purchased a new stake in Jack Henry & Associates in the second quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Jack Henry & Associates in the third quarter worth $44,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Jack Henry & Associates during the third quarter worth $46,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on JKHY. Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the stock an “outperform” rating in a report on Thursday, January 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods upgraded 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 note on Monday, December 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Stock Down 0.1%

Shares of JKHY stock opened at $171.59 on Tuesday. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The stock’s fifty day moving average price is $174.76 and its 200 day moving average price is $167.75. 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 cap of $12.38 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72.

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, beating 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 during the quarter, compared to analysts’ expectations of $608.46 million. During the same period last year, the business posted $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. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business 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 dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 annualized dividend and a yield of 1.4%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is presently 35.06%.

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.