Aquatic Capital Management LLC Increases Holdings in Jack Henry & Associates, Inc. $JKHY

Aquatic Capital Management LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,274.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,576 shares of the technology company’s stock after buying an additional 45,043 shares during the period. Aquatic Capital Management LLC owned 0.07% of Jack Henry & Associates worth $7,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC purchased a new position in Jack Henry & Associates during the third quarter worth about $3,298,000. Artisan Partners Limited Partnership acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter worth approximately $74,302,000. Teacher Retirement System of Texas raised its position in shares of Jack Henry & Associates by 693.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after buying an additional 76,746 shares during the period. Bayforest Capital Ltd acquired a new position in Jack Henry & Associates in the third quarter valued at approximately $998,000. Finally, Bank of New York Mellon Corp lifted its holdings in Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after acquiring an additional 32,468 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $210.00 in a research note on Tuesday, December 16th. UBS Group upped 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. DA Davidson reiterated a “buy” rating and set a $216.00 price target on shares of Jack Henry & Associates in a report on Wednesday, February 4th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Finally, Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Stock Up 1.5%

NASDAQ:JKHY opened at $168.77 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $193.39. The stock’s fifty day moving average is $173.67 and its two-hundred day moving average is $167.90. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 2.56 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 (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating 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 return on equity of 23.75% and a net margin of 20.59%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company 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 $0.61 dividend. 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 an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend 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.