Jack Henry & Associates, Inc. $JKHY Stake Raised by VELA Investment Management LLC

VELA Investment Management LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 77.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,665 shares of the technology company’s stock after buying an additional 29,004 shares during the quarter. Jack Henry & Associates accounts for 2.0% of VELA Investment Management LLC’s investment portfolio, making the stock its 7th largest position. VELA Investment Management LLC’s holdings in Jack Henry & Associates were worth $9,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Integrated Wealth Concepts LLC grew its stake in shares of Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after acquiring an additional 367 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Jack Henry & Associates by 8.8% in the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after acquiring an additional 584 shares in the last quarter. Woodline Partners LP raised its stake in shares of Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 1,778 shares in the last quarter. Jane Street Group LLC purchased a new position in Jack Henry & Associates in the first quarter valued at $9,430,000. Finally, Focus Partners Wealth boosted its holdings in Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Royal Bank Of Canada upped their target price on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Oppenheimer raised their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Barclays lifted their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.40.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $165.64 on Monday. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $11.61 billion, a PE ratio of 23.76, a P/E/G ratio of 1.87 and a beta of 0.56. The stock’s fifty day moving average is $155.39 and its two-hundred day moving average is $151.12.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same period in the prior year, the firm posted $1.75 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 7.37 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is 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.