Jack Henry & Associates, Inc. $JKHY Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 50.2% during the second quarter, Holdings Channel reports. The institutional investor owned 70,987 shares of the technology company’s stock after buying an additional 23,732 shares during the period. Illinois Municipal Retirement Fund’s holdings in Jack Henry & Associates were worth $12,790,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JKHY. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in Jack Henry & Associates during the second quarter worth approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates during the first quarter worth approximately $38,000. Private Trust Co. NA boosted its holdings in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. UBS Group reduced their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Wells Fargo & Company upped their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $187.00 in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $177.25.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $162.61 on Tuesday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a market capitalization of $11.82 billion, a P/E ratio of 26.06, a PEG ratio of 2.74 and a beta of 0.76. The company’s fifty day moving average is $154.59 and its two-hundred day moving average is $167.84.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. During the same period in the prior year, the company earned $1.63 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.