Nutshell Asset Management Ltd Invests $2.95 Million in Jack Henry & Associates, Inc. $JKHY

Nutshell Asset Management Ltd purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,800 shares of the technology company’s stock, valued at approximately $2,949,000. Jack Henry & Associates comprises 1.4% of Nutshell Asset Management Ltd’s holdings, making the stock its 21st largest holding.

A number of other large investors have also added to or reduced their stakes in JKHY. Vanguard Group Inc. grew its position in Jack Henry & Associates by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after purchasing an additional 43,974 shares during the last quarter. State Street Corp raised its holdings in Jack Henry & Associates by 2.6% in the second quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock worth $721,788,000 after buying an additional 102,534 shares during the last quarter. Geode Capital Management LLC raised its holdings in Jack Henry & Associates by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock worth $376,816,000 after buying an additional 61,292 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Jack Henry & Associates by 0.8% in the second quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock worth $296,409,000 after buying an additional 13,745 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 11.2% in the second quarter. Mackenzie Financial Corp now owns 926,887 shares of the technology company’s stock worth $166,997,000 after buying an additional 93,432 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY stock opened at $171.83 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a market cap of $12.40 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. The stock’s fifty day moving average price is $175.06 and its 200-day moving average price is $167.69.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The business had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. During the same period in the previous year, the company posted $1.34 EPS. The business’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, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a $0.61 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, March 5th. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Thursday, February 5th. Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Morgan Stanley boosted their price target on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, 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 report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.42.

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.