Jack Henry & Associates, Inc. $JKHY Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,060 shares of the technology company’s stock after purchasing an additional 3,148 shares during the period. Tidal Investments LLC’s holdings in Jack Henry & Associates were worth $4,554,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JKHY. California State Teachers Retirement System boosted its position in shares of Jack Henry & Associates by 6,596.8% in the 2nd quarter. California State Teachers Retirement System now owns 11,513,411 shares of the technology company’s stock worth $1,585,857,000 after purchasing an additional 11,341,486 shares in the last quarter. State Street Corp grew its stake in Jack Henry & Associates by 2.4% during the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares during the last quarter. Invesco Ltd. increased its position in Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares in the last quarter. Wells Fargo & Company MN increased its position in Jack Henry & Associates by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after buying an additional 66,633 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jack Henry & Associates by 160.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after buying an additional 831,372 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $161.12 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50-day moving average of $157.31 and a two-hundred day moving average of $151.21. The stock has a market cap of $11.30 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.82 and a beta of 0.56. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same period in the prior year, the company earned $1.75 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 7.36 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be given a $0.61 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is currently 35.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. UBS Group upped their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Barclays increased their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. The Goldman Sachs Group boosted their target price on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.