Jack Henry & Associates, Inc. $JKHY Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,113 shares of the technology company’s stock after acquiring an additional 5,043 shares during the period. Rhumbline Advisers owned approximately 0.24% of Jack Henry & Associates worth $25,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JKHY. Hantz Financial Services Inc. purchased a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $27,000. Quent Capital LLC acquired a new position in Jack Henry & Associates in the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates during the 2nd quarter worth $35,000. Private Trust Co. NA lifted its stake in shares of Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at about $39,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares of the company’s stock, valued at $22,413,024.36. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on JKHY. Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a research report on Thursday, November 20th. DA Davidson reissued a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a report on Wednesday, February 4th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Thursday, February 5th. Finally, UBS Group upped their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.17.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $156.75 on Tuesday. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.71. 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 business’s 50 day simple moving average is $181.63 and its 200-day simple moving average is $167.78. 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 issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.29. The firm 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%.Jack Henry & Associates’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. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm 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 dividend of $0.61 per share. The ex-dividend date is Thursday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 33.33%.

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.