Pacifica Partners Inc. Takes $2.65 Million Position in Jack Henry & Associates, Inc. $JKHY

Pacifica Partners Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, HoldingsChannel reports. The firm purchased 18,015 shares of the technology company’s stock, valued at approximately $2,646,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after buying an additional 1,243,526 shares during the period. Janus Henderson Group PLC boosted its stake in Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after buying an additional 1,070,376 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after buying an additional 831,372 shares during the period. Norges Bank acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $128,744,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Jack Henry & Associates during the second quarter valued at about $87,669,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JKHY shares. UBS Group boosted their price target on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Wolfe Research lifted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Oppenheimer boosted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average price target of $193.40.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $168.10 on Wednesday. The company has a market cap of $11.79 billion, a P/E ratio of 24.12, a PEG ratio of 1.90 and a beta of 0.56. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $153.20 and its 200 day moving average price is $150.91.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.01%.

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.