E. Ohman J or Asset Management AB Buys 19,302 Shares of Jack Henry & Associates, Inc. $JKHY

E. Ohman J or Asset Management AB purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,302 shares of the technology company’s stock, valued at approximately $2,765,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Cardinal Capital Management grew its position in Jack Henry & Associates by 5.2% during the third quarter. Cardinal Capital Management now owns 20,150 shares of the technology company’s stock valued at $2,886,000 after buying an additional 991 shares during the period. Axxcess Wealth Management LLC increased its holdings in Jack Henry & Associates by 152.6% in the third quarter. Axxcess Wealth Management LLC now owns 4,926 shares of the technology company’s stock valued at $706,000 after buying an additional 2,976 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Jack Henry & Associates by 1.3% in the third quarter. Crossmark Global Holdings Inc. now owns 7,842 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 97 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Jack Henry & Associates by 0.6% in the third quarter. Nisa Investment Advisors LLC now owns 28,801 shares of the technology company’s stock worth $4,125,000 after acquiring an additional 162 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in shares of Jack Henry & Associates by 5.3% during the 3rd quarter. Diversify Advisory Services LLC now owns 7,006 shares of the technology company’s stock worth $1,096,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $161.80 on Friday. The company’s fifty day moving average price is $156.62 and its 200 day moving average price is $148.78. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The stock has a market capitalization of $11.34 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.90 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.01%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JKHY shares. DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, September 2nd. Barclays lifted their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Oppenheimer upped their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $178.00 price target on shares of Jack Henry & Associates in a report on Wednesday, September 30th. Finally, Raymond James Financial increased their price target on Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.