denkapparat Operations GmbH Buys 4,430 Shares of Jack Henry & Associates, Inc. $JKHY

denkapparat Operations GmbH raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 138.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,628 shares of the technology company’s stock after buying an additional 4,430 shares during the period. denkapparat Operations GmbH’s holdings in Jack Henry & Associates were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in shares of Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after acquiring an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after purchasing an additional 1,070,376 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 purchasing an additional 831,372 shares during the last quarter. Norges Bank acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $128,744,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Jack Henry & Associates during the second quarter worth about $87,669,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on JKHY. Wolfe Research lifted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Oppenheimer upped their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research note on Friday, May 8th. Barclays lifted their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, DA Davidson restated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.40.

Jack Henry & Associates Stock Up 0.8%

Jack Henry & Associates stock opened at $168.37 on Friday. The company has a market capitalization of $11.80 billion, a PE ratio of 24.16, a PEG ratio of 1.89 and a beta of 0.56. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The firm’s fifty day moving average is $154.78 and its 200 day moving average is $151.06. The company has a quick ratio of 1.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. 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 7.38 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s payout ratio is presently 35.01%.

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.