Jack Henry & Associates, Inc. $JKHY Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 768.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 97,098 shares of the technology company’s stock after buying an additional 85,923 shares during the period. M&T Bank Corp’s holdings in Jack Henry & Associates were worth $17,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. Quent Capital LLC acquired a new position in Jack Henry & Associates during the third quarter worth $33,000. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the second quarter worth $35,000. MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates during the second quarter worth $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Jack Henry & Associates during the third quarter worth $44,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $150.60 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $193.39. The business’s fifty day simple moving average is $159.75 and its 200-day simple moving average is $167.96. The firm has a market cap of $10.87 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

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 the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The business had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 6.67 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared 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 a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is currently 35.06%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JKHY shares. UBS Group boosted 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. Loop Capital assumed coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Finally, Wolfe Research set a $220.00 target price on shares of Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $200.15.

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.