Assenagon Asset Management S.A. Takes $7.15 Million Position in Jack Henry & Associates, Inc. $JKHY

Assenagon Asset Management S.A. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,165 shares of the technology company’s stock, valued at approximately $7,147,000. Assenagon Asset Management S.A. owned approximately 0.05% of Jack Henry & Associates at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in JKHY. Advisory Services Network LLC lifted its stake in Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after acquiring an additional 69 shares during the last quarter. Huntington National Bank increased its position in shares of Jack Henry & Associates by 14.5% in the 3rd quarter. Huntington National Bank now owns 615 shares of the technology company’s stock valued at $92,000 after purchasing an additional 78 shares during the last quarter. Tidal Investments LLC increased its position in shares of Jack Henry & Associates by 0.4% in the 2nd quarter. Tidal Investments LLC now owns 19,435 shares of the technology company’s stock valued at $3,502,000 after purchasing an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Jack Henry & Associates by 1.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,930 shares of the technology company’s stock valued at $1,609,000 after purchasing an additional 89 shares in the last quarter. Finally, Missouri Trust & Investment Co lifted its position in shares of Jack Henry & Associates by 29.7% during the 3rd quarter. Missouri Trust & Investment Co now owns 402 shares of the technology company’s stock worth $60,000 after purchasing an additional 92 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on JKHY. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Thursday, February 5th. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $185.00 to $210.00 in a research report on Tuesday, December 16th. Morgan Stanley increased their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Trading Down 2.5%

NASDAQ JKHY opened at $153.31 on Friday. The firm’s fifty day moving average price is $168.39 and its 200 day moving average price is $167.83. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $193.39. 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 capitalization of $11.06 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.32 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results 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. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. During the same period in the previous year, the company earned $1.34 earnings per share. Jack Henry & Associates’s quarterly 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, sell-side 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.06%.

About Jack Henry & Associates

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.