Willis Investment Counsel Acquires 4,158 Shares of Jack Henry & Associates, Inc. $JKHY

Willis Investment Counsel grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 52,746 shares of the technology company’s stock after purchasing an additional 4,158 shares during the quarter. Willis Investment Counsel’s holdings in Jack Henry & Associates were worth $7,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates by 1,918.2% in the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after acquiring an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Jack Henry & Associates by 13.0% during the first quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock worth $118,842,000 after buying an additional 86,810 shares during the period. First Trust Advisors LP lifted its stake in Jack Henry & Associates by 33.8% in the first quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock worth $116,048,000 after acquiring an additional 185,465 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in 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 acquiring an additional 307,886 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JKHY shares. Morgan Stanley dropped their target price on Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 30th. The Goldman Sachs Group lifted their price target on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Seaport Research Partners started coverage on Jack Henry & Associates in a research report on Monday, September 28th. They set a “buy” rating and a $193.00 price objective for the company. KeyCorp started coverage on Jack Henry & Associates in a research note on Monday, September 14th. They set an “overweight” rating and a $190.00 price target on the stock. Finally, Wolfe Research lifted their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.00.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $2.22 during mid-day trading on Tuesday, hitting $155.01. The company’s stock had a trading volume of 195,519 shares, compared to its average volume of 1,138,639. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $156.45 and a 200 day simple moving average of $148.79. The firm has a market capitalization of $10.87 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.97 and a beta of 0.56. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same period last year, the company posted $1.75 earnings per share. The firm’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. Analysts predict that Jack Henry & Associates, Inc. will post 7.32 EPS 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. Shareholders of record on Monday, September 7th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.01%.

Jack Henry & Associates Profile

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.