Grantham Mayo Van Otterloo & Co. LLC Raises Position in Jack Henry & Associates, Inc. $JKHY

Grantham Mayo Van Otterloo & Co. LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 47.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 277,632 shares of the technology company’s stock after acquiring an additional 89,739 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Jack Henry & Associates were worth $41,348,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after acquiring an additional 367 shares during the last quarter. Empowered Funds LLC increased its position in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 584 shares in the last quarter. Woodline Partners LP raised its stake in Jack Henry & Associates by 40.6% in the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 1,778 shares during the last quarter. Jane Street Group LLC purchased a new position in Jack Henry & Associates in the 1st quarter valued at $9,430,000. Finally, Focus Partners Wealth lifted its holdings in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after purchasing an additional 182 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $171.83 on Friday. The company’s 50-day moving average is $175.06 and its two-hundred day moving average is $167.66. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. 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 firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.61 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 (EPS) 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 the consensus estimate of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS 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. Shareholders 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 1.4%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, March 5th. Jack Henry & Associates’s payout ratio is 35.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. Finally, Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates 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.