Dearborn Partners LLC Takes Position in Jack Henry & Associates, Inc. $JKHY

Dearborn Partners LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 92,081 shares of the technology company’s stock, valued at approximately $14,552,000.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares during the period. Dai ichi Life Insurance Company Ltd increased its stake in Jack Henry & Associates by 231.1% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock valued at $3,335,000 after purchasing an additional 14,728 shares in the last quarter. Swedbank AB raised its holdings in Jack Henry & Associates by 230.2% during the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock worth $26,238,000 after purchasing an additional 100,239 shares during the last quarter. Comerica Bank raised its holdings in Jack Henry & Associates by 71.5% during the fourth quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock worth $14,502,000 after purchasing an additional 33,145 shares during the last quarter. Finally, Amica Mutual Insurance Co. boosted its position in Jack Henry & Associates by 60.4% during the fourth quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company’s stock worth $8,863,000 after purchasing an additional 18,283 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $170.51 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.38. The stock has a fifty day moving average of $147.87 and a two-hundred day moving average of $150.98. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.88 and a beta of 0.55. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.01%.

Wall Street Analyst Weigh In

Several analysts have weighed in on JKHY shares. Oppenheimer upped their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Monday, June 29th. Finally, DA Davidson restated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.07.

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.