VIRGINIA RETIREMENT SYSTEMS ET Al Takes $5.80 Million Position in Jack Henry & Associates, Inc. $JKHY

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, Holdings Channel.com reports. The fund bought 42,100 shares of the technology company’s stock, valued at approximately $5,799,000.

Several other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in 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 valued at $1,585,857,000 after buying an additional 11,341,486 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after acquiring an additional 1,243,526 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Jack Henry & Associates by 13,343.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after acquiring an additional 1,070,376 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $246,420,000 after acquiring an additional 831,372 shares during the last quarter. Finally, Norges Bank purchased a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $128,744,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $159.83 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The company has a 50 day moving average of $156.41 and a two-hundred day moving average of $151.18. The company has a market cap of $11.21 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.87 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results 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 business had revenue of $633.10 million for 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%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 7.37 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.01%.

Analysts Set New Price Targets

Several equities analysts recently commented on JKHY shares. Royal Bank Of Canada increased their price target on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Barclays upped their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Oppenheimer lifted 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. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.40.

Jack Henry & Associates Company 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.