Pictet Asset Management Holding SA Has $16.58 Million Stake in Jack Henry & Associates, Inc. $JKHY

Pictet Asset Management Holding SA lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 90,813 shares of the technology company’s stock after selling 18,604 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Jack Henry & Associates were worth $16,577,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after purchasing an additional 1,056,362 shares in the last quarter. UBS Group AG boosted its stake in Jack Henry & Associates by 75.7% in the third quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after purchasing an additional 364,878 shares in the last quarter. Caisse de depot et placement du Quebec grew its holdings in shares of Jack Henry & Associates by 880.6% during the third quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company’s stock worth $47,374,000 after purchasing an additional 285,656 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 55.3% during the third quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock worth $100,609,000 after purchasing an additional 240,548 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Jack Henry & Associates by 58.5% during the third quarter. First Trust Advisors LP now owns 472,084 shares of the technology company’s stock worth $70,307,000 after purchasing an additional 174,321 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $154.03 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $193.39. The stock has a market capitalization of $11.12 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.30 and a beta of 0.72. The business has a 50-day moving average price of $159.16 and a two-hundred day moving average price of $168.06.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) 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 company had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter last year, the firm earned $1.34 EPS. The company’s revenue for the quarter 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 analysts predict that Jack Henry & Associates, Inc. will post 6.69 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

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

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. UBS Group lifted their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Wolfe Research set a $220.00 price target on shares of Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley boosted their price objective on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.77.

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.