Diversify Advisory Services LLC Purchases 3,080 Shares of Jack Henry & Associates, Inc. $JKHY

Diversify Advisory Services LLC boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 86.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,661 shares of the technology company’s stock after purchasing an additional 3,080 shares during the period. Diversify Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,003,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd lifted its position in shares of Jack Henry & Associates by 164.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 11,437 shares of the technology company’s stock valued at $1,703,000 after buying an additional 7,111 shares during the last quarter. Vinva Investment Management Ltd acquired a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $241,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in Jack Henry & Associates by 5.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,974 shares of the technology company’s stock valued at $2,975,000 after acquiring an additional 1,029 shares during the period. Korea Investment CORP lifted its holdings in Jack Henry & Associates by 140.0% during the 3rd quarter. Korea Investment CORP now owns 46,634 shares of the technology company’s stock valued at $6,945,000 after purchasing an additional 27,200 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Jack Henry & Associates by 47.8% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 277,632 shares of the technology company’s stock valued at $41,348,000 after purchasing an additional 89,739 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 2.3%

JKHY opened at $167.01 on Thursday. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.60 and a beta of 0.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $193.39. The company has a 50-day simple moving average of $174.18 and a 200 day simple moving average of $167.78.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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 for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. 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 EPS 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 paid 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 of this dividend is Thursday, March 5th. Jack Henry & Associates’s payout ratio is 35.06%.

Analysts Set New Price Targets

Several research firms have commented on JKHY. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective on the stock in a report on Thursday, February 5th. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a report on Thursday, November 20th. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley increased their price target on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates 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.