Korea Investment CORP Increases Stake in Jack Henry & Associates, Inc. $JKHY

Korea Investment CORP increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 140.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,634 shares of the technology company’s stock after acquiring an additional 27,200 shares during the quarter. Korea Investment CORP owned about 0.06% of Jack Henry & Associates worth $6,945,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Jack Henry & Associates by 47.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 277,632 shares of the technology company’s stock valued at $41,348,000 after purchasing an additional 89,739 shares during the period. First Trust Advisors LP grew its stake in shares of Jack Henry & Associates by 58.5% in the third quarter. First Trust Advisors LP now owns 472,084 shares of the technology company’s stock worth $70,307,000 after acquiring an additional 174,321 shares in the last quarter. Barclays PLC increased its holdings in Jack Henry & Associates by 27.8% during the 3rd quarter. Barclays PLC now owns 360,941 shares of the technology company’s stock worth $53,755,000 after purchasing an additional 78,420 shares during the period. Dimensional Fund Advisors LP raised its holdings in Jack Henry & Associates by 9.4% in the third quarter. Dimensional Fund Advisors LP now owns 592,515 shares of the technology company’s stock valued at $88,254,000 after acquiring an additional 50,715 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Jack Henry & Associates by 4.5% in the 3rd quarter. Cresset Asset Management LLC now owns 2,328 shares of the technology company’s stock valued at $347,000 after purchasing an additional 100 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JKHY shares. UBS Group boosted their target price on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley upped their price target on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Trading Down 0.4%

Shares of JKHY stock opened at $166.34 on Friday. The firm has a 50-day moving average price of $173.86 and a 200 day moving average price of $167.77. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.54 and a beta of 0.72. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter last year, the business earned $1.34 earnings per share. Jack Henry & Associates’s revenue was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is currently 35.06%.

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.