Mackenzie Financial Corp Buys 9,059 Shares of Jack Henry & Associates, Inc. $JKHY

Mackenzie Financial Corp lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 935,946 shares of the technology company’s stock after buying an additional 9,059 shares during the quarter. Mackenzie Financial Corp’s holdings in Jack Henry & Associates were worth $139,390,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JKHY. Quent Capital LLC bought a new stake in Jack Henry & Associates in the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter worth $35,000. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $44,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jack Henry & Associates during the third quarter valued at about $46,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a report on Thursday, November 20th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price target for the company from $170.00 to $215.00 in a research note on Monday, December 8th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a report on Thursday, February 5th. UBS Group lifted their price objective 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. Finally, Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $167.01 on Thursday. The company’s 50-day moving average price is $174.18 and its 200-day moving average price is $167.78. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The company has a market cap of $12.05 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.60 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 quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS 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 paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is 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.