Vanguard Group Inc. Has $1.58 Billion Position in Jack Henry & Associates, Inc. $JKHY

Vanguard Group Inc. lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,652,967 shares of the technology company’s stock after selling 108,252 shares during the period. Vanguard Group Inc. owned 0.12% of Jack Henry & Associates worth $1,578,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Modera Wealth Management LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $3,298,000. Teacher Retirement System of Texas boosted its position in shares of Jack Henry & Associates by 693.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after acquiring an additional 76,746 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $1,204,000. Bayforest Capital Ltd bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $998,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Jack Henry & Associates by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after acquiring an additional 32,468 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY opened at $153.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39. The stock has a market capitalization of $11.10 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.31 and a beta of 0.72. The stock’s 50 day moving average price is $159.16 and its 200-day moving average price is $168.06.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.29. The company had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 6.67 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were paid a $0.61 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 5th. Jack Henry & Associates’s payout ratio is currently 35.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JKHY. Morgan Stanley lifted their price target on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Loop Capital began coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price target for the company. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. 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 report on Thursday, January 8th. Finally, Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.15.

Jack Henry & Associates Profile

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.