LRT Capital Management LLC Buys Shares of 7,979 Jack Henry & Associates, Inc. $JKHY

LRT Capital Management LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,979 shares of the technology company’s stock, valued at approximately $1,188,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JKHY. Modera Wealth Management LLC acquired a new position in Jack Henry & Associates during the third quarter valued at approximately $3,298,000. Artisan Partners Limited Partnership acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $74,302,000. Teacher Retirement System of Texas increased its stake in shares of Jack Henry & Associates by 693.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after purchasing an additional 76,746 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $998,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Jack Henry & Associates by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock worth $106,150,000 after buying an additional 32,468 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.8%

Shares of NASDAQ:JKHY opened at $167.35 on Tuesday. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39. The company has a market capitalization of $12.08 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The company has a fifty day moving average of $173.38 and a 200-day moving average of $167.93.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.29. The company had revenue of $611.18 million for the quarter, compared to the consensus estimate 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s payout ratio is 35.06%.

Analyst Ratings Changes

JKHY has been the subject of several recent analyst reports. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. DA Davidson reissued a “buy” rating and issued a $216.00 target price on shares of Jack Henry & Associates in a report on Wednesday, February 4th. Finally, Raymond James Financial upgraded shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.