Jack Henry & Associates, Inc. $JKHY Shares Bought by Invesco Ltd.

Invesco Ltd. grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the 2nd quarter, Holdings Channel reports. The fund owned 1,645,161 shares of the technology company’s stock after acquiring an additional 13,745 shares during the period. Invesco Ltd.’s holdings in Jack Henry & Associates were worth $296,409,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in JKHY. Westerkirk Capital Inc. acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $306,000. M&T Bank Corp raised its position in shares of Jack Henry & Associates by 2.2% in the second quarter. M&T Bank Corp now owns 12,548 shares of the technology company’s stock valued at $2,261,000 after buying an additional 268 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Jack Henry & Associates by 4.8% during the second quarter. Panagora Asset Management Inc. now owns 4,983 shares of the technology company’s stock valued at $898,000 after buying an additional 229 shares during the period. Smith Moore & CO. boosted its position in Jack Henry & Associates by 30.6% during the second quarter. Smith Moore & CO. now owns 1,597 shares of the technology company’s stock worth $288,000 after acquiring an additional 374 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Jack Henry & Associates by 6.5% in the 2nd quarter. New York State Common Retirement Fund now owns 46,367 shares of the technology company’s stock worth $8,354,000 after acquiring an additional 2,842 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JKHY. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a research note on Thursday, November 20th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their target price for the stock from $179.00 to $187.00 in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Keefe, Bruyette & Woods dropped 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 note on Wednesday, October 1st. Finally, The Goldman Sachs Group raised their target price on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $179.56.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $181.71 on Friday. The business has a 50-day moving average of $159.76 and a two-hundred day moving average of $167.10. The firm has a market capitalization of $13.15 billion, a PE ratio of 27.62, a P/E/G ratio of 3.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The business had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. Jack Henry & Associates’s dividend payout ratio is presently 35.26%.

Insiders Place Their Bets

In related news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

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.