4,158 Jack Henry & Associates, Inc. $JKHY Shares Bought by Willis Investment Counsel

Willis Investment Counsel raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,746 shares of the technology company’s stock after acquiring an additional 4,158 shares during the quarter. Willis Investment Counsel owned approximately 0.08% of Jack Henry & Associates worth $7,555,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in JKHY. Robertson Stephens Wealth Management LLC purchased a new position in Jack Henry & Associates in the 3rd quarter worth approximately $221,000. TD Waterhouse Canada Inc. lifted its position in Jack Henry & Associates by 30.7% during the third quarter. TD Waterhouse Canada Inc. now owns 3,887 shares of the technology company’s stock valued at $559,000 after purchasing an additional 912 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new position in Jack Henry & Associates in the third quarter worth about $344,000. Eagle Bay Advisors LLC purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $312,000. Finally, Assenagon Asset Management S.A. increased its position in Jack Henry & Associates by 148.7% during the third quarter. Assenagon Asset Management S.A. now owns 35,132 shares of the technology company’s stock valued at $5,032,000 after acquiring an additional 21,007 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY stock traded up $2.22 during midday trading on Tuesday, reaching $155.01. The stock had a trading volume of 195,519 shares, compared to its average volume of 1,138,639. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $156.45 and its 200 day simple moving average is $148.79.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. Jack Henry & Associates’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 7.32 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is 35.01%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JKHY shares. Oppenheimer boosted their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Morgan Stanley dropped their price objective on Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Wolfe Research raised their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. UBS Group restated a “neutral” rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Finally, KeyCorp began coverage on Jack Henry & Associates in a research report on Monday, September 14th. They set an “overweight” rating and a $190.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.