Jack Henry & Associates, Inc. $JKHY Stake Lessened by Capital International Investors

Capital International Investors lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 60.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,424 shares of the technology company’s stock after selling 100,800 shares during the quarter. Capital International Investors owned approximately 0.09% of Jack Henry & Associates worth $10,024,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Jack Henry & Associates by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after buying an additional 43,974 shares during the period. State Street Corp boosted its stake in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock valued at $721,788,000 after buying an additional 102,534 shares during the period. Geode Capital Management LLC grew its holdings in shares of Jack Henry & Associates by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after acquiring an additional 61,292 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Jack Henry & Associates by 0.8% during the 2nd quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock valued at $296,409,000 after acquiring an additional 13,745 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Jack Henry & Associates by 11.2% in the second quarter. Mackenzie Financial Corp now owns 926,887 shares of the technology company’s stock worth $166,997,000 after acquiring an additional 93,432 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JKHY shares. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. Morgan Stanley upped their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Finally, UBS Group boosted their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Stock Down 0.4%

Shares of Jack Henry & Associates stock opened at $166.34 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $193.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $173.86 and a two-hundred day moving average price of $167.77. The stock has a market capitalization of $12.00 billion, a P/E ratio of 23.90, a PEG ratio of 2.54 and a beta of 0.72.

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

Jack Henry & Associates Increases Dividend

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