Jack Henry & Associates, Inc. $JKHY Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2,157.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the technology company’s stock after purchasing an additional 28,671 shares during the quarter. International Assets Investment Management LLC’s holdings in Jack Henry & Associates were worth $4,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Dai ichi Life Insurance Company Ltd lifted its stake in shares of Jack Henry & Associates by 231.1% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock valued at $3,335,000 after purchasing an additional 14,728 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Jack Henry & Associates during the 1st quarter worth $3,569,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Jack Henry & Associates by 88.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,266 shares of the technology company’s stock worth $11,579,000 after purchasing an additional 34,300 shares during the last quarter. VELA Investment Management LLC increased its position in shares of Jack Henry & Associates by 77.4% during the 2nd quarter. VELA Investment Management LLC now owns 65,260 shares of the technology company’s stock worth $8,989,000 after purchasing an additional 28,474 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after purchasing an additional 307,886 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $161.34 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.00 and a beta of 0.55. The firm has a 50 day simple moving average of $156.86 and a 200-day simple moving average of $154.87. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same period in the prior year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 7.30 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Analyst Ratings Changes

JKHY has been the topic of a number of recent analyst reports. Piper Sandler raised shares of Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Friday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $178.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. KeyCorp assumed coverage on shares of Jack Henry & Associates in a research note on Monday, September 14th. They issued an “overweight” rating and a $190.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Finally, Oppenheimer increased their price objective on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.