Van ECK Associates Corp Acquires 1,243,526 Shares of Jack Henry & Associates, Inc. $JKHY

Van ECK Associates Corp increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,918.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,308,353 shares of the technology company’s stock after acquiring an additional 1,243,526 shares during the period. Van ECK Associates Corp’s holdings in Jack Henry & Associates were worth $180,213,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. raised its holdings in Jack Henry & Associates by 3.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after purchasing an additional 64 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after purchasing an additional 71 shares in the last quarter. Essential Partners LLC increased its position in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares during the period. Finally, DNB Asset Management AS increased its position in shares of Jack Henry & Associates by 0.6% during the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after buying an additional 76 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wolfe Research increased their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Weiss Ratings raised Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. The Goldman Sachs Group raised their target price on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Jack Henry & Associates Trading Up 0.1%

Shares of NASDAQ JKHY opened at $169.73 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.38 and a quick ratio of 1.74. The firm has a 50-day moving average of $151.46 and a 200 day moving average of $151.05. The stock has a market cap of $12.06 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.91 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $631.60 million. During the same quarter in the prior year, the company earned $1.75 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 7.38 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be paid a $0.61 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

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.