UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $161.38 Million Position in Jack Henry & Associates, Inc. $JKHY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,171,662 shares of the technology company’s stock after selling 286,439 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.65% of Jack Henry & Associates worth $161,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. New Mexico Educational Retirement Board grew its holdings in shares of Jack Henry & Associates by 9.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the technology company’s stock valued at $503,000 after buying an additional 300 shares during the period. Mufg Securities Americas Inc. raised its stake in Jack Henry & Associates by 7.2% during the 2nd quarter. Mufg Securities Americas Inc. now owns 2,140 shares of the technology company’s stock worth $295,000 after buying an additional 143 shares during the period. Van ECK Associates Corp raised its stake in Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after buying an additional 1,243,526 shares during the period. Dearborn Partners LLC bought a new position in Jack Henry & Associates during the second quarter worth about $10,874,000. Finally, Public Employees Retirement System of Ohio bought a new position in Jack Henry & Associates during the second quarter worth about $3,067,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Up 0.1%

Jack Henry & Associates stock opened at $168.10 on Wednesday. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.90 and a beta of 0.56. The firm has a 50-day moving average of $153.20 and a 200-day moving average of $150.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.74. 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 released 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 return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same quarter in the previous year, the business earned $1.75 earnings per share. Jack Henry & Associates’s quarterly revenue 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. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is 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%.

Analysts Set New Price Targets

JKHY has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, August 19th. Stephens reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. The Goldman Sachs Group increased their price objective on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. UBS Group upped their target price on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.40.

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.