United Asset Strategies Inc. Grows Position in Jack Henry & Associates, Inc. $JKHY

United Asset Strategies Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 47.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,226 shares of the technology company’s stock after acquiring an additional 6,212 shares during the period. United Asset Strategies Inc.’s holdings in Jack Henry & Associates were worth $3,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in shares of Jack Henry & Associates in the second quarter worth $27,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $38,000. Private Trust Co. NA grew its holdings in Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after buying an additional 149 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 1.9%

Shares of JKHY stock opened at $165.73 on Wednesday. The firm’s 50 day moving average is $154.69 and its 200-day moving average is $167.80. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.74 and a beta of 0.76. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. During the same period in the prior year, the business posted $1.63 EPS. Jack Henry & Associates’s revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

Analyst Upgrades and Downgrades

JKHY has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Wells Fargo & Company lifted their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price target for the company from $179.00 to $187.00 in a research report on Thursday, November 6th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, DA Davidson dropped their target price on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $177.25.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.