Jack Henry & Associates, Inc. $JKHY Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 77.0% during the third quarter, HoldingsChannel reports. The firm owned 3,377 shares of the technology company’s stock after selling 11,329 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jack Henry & Associates were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Diversify Advisory Services LLC grew its position in Jack Henry & Associates by 5.3% in the third quarter. Diversify Advisory Services LLC now owns 7,006 shares of the technology company’s stock valued at $1,096,000 after acquiring an additional 354 shares in the last quarter. Willis Investment Counsel raised its stake in shares of Jack Henry & Associates by 8.6% during the third quarter. Willis Investment Counsel now owns 52,746 shares of the technology company’s stock valued at $7,555,000 after purchasing an additional 4,158 shares during the period. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $221,000. TD Waterhouse Canada Inc. lifted its position in shares of 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 worth $559,000 after purchasing an additional 912 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of Jack Henry & Associates during the third quarter worth $344,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $162.35 on Tuesday. The stock has a market cap of $11.38 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.02 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 stock has a 50 day moving average of $156.74 and a 200-day moving average of $155.45. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The business 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%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. 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 7.29 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. UBS Group reiterated a “neutral” rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Wolfe Research raised their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $178.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Finally, Piper Sandler raised Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.