Retireful LLC Purchases Shares of 5,076 Jack Henry & Associates, Inc. $JKHY

Retireful LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,076 shares of the technology company’s stock, valued at approximately $937,000. Jack Henry & Associates accounts for 1.2% of Retireful LLC’s holdings, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Modera Wealth Management LLC acquired a new position in Jack Henry & Associates during the 3rd quarter worth $3,298,000. Teacher Retirement System of Texas boosted its holdings in Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after acquiring an additional 76,746 shares during the period. Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $1,204,000. Bank of New York Mellon Corp grew its position in shares of Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after purchasing an additional 32,468 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Jack Henry & Associates in the third quarter worth about $998,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on JKHY. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $170.00 to $215.00 in a research report on Monday, December 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Weiss Ratings cut Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.15.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $155.63 on Thursday. The firm’s 50-day moving average is $166.50 and its 200-day moving average is $167.75. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.38 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results 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. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were given a $0.61 dividend. The ex-dividend date was Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is 35.06%.

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.