Teacher Retirement System of Texas Has $13.08 Million Holdings in Jack Henry & Associates, Inc. $JKHY

Teacher Retirement System of Texas increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 693.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 87,817 shares of the technology company’s stock after acquiring an additional 76,746 shares during the period. Teacher Retirement System of Texas’ holdings in Jack Henry & Associates were worth $13,079,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JKHY. Hantz Financial Services Inc. bought a new stake in Jack Henry & Associates during the second quarter worth approximately $27,000. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter worth $33,000. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $35,000. Private Trust Co. NA boosted its holdings in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates in the 2nd quarter valued at $39,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Down 1.9%

Shares of JKHY opened at $185.11 on Friday. The stock’s 50-day moving average price is $181.97 and its 200 day moving average price is $168.45. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.19 and a beta of 0.73. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s payout ratio is currently 35.26%.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the sale, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. This trade represents a 13.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JKHY. Stephens set a $200.00 price target on shares of Jack Henry & Associates in a report on Friday, January 16th. DA Davidson decreased their target price on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.82.

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.