Public Sector Pension Investment Board Buys 40,893 Shares of Jack Henry & Associates, Inc. $JKHY

Public Sector Pension Investment Board boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 592.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 47,797 shares of the technology company’s stock after buying an additional 40,893 shares during the quarter. Public Sector Pension Investment Board’s holdings in Jack Henry & Associates were worth $7,118,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of JKHY. Modera Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $3,298,000. Artisan Partners Limited Partnership bought a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $74,302,000. Teacher Retirement System of Texas grew its stake in Jack Henry & Associates by 693.2% in the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock worth $13,079,000 after purchasing an additional 76,746 shares during the period. Bayforest Capital Ltd bought a new position in Jack Henry & Associates in the third quarter worth $998,000. Finally, Bank of New York Mellon Corp lifted its position in Jack Henry & Associates by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after buying an additional 32,468 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JKHY shares. Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. DA Davidson reaffirmed a “buy” rating and set a $216.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. UBS Group lifted their target price on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $185.00 to $210.00 in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $181.00 to $196.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $158.59 on Wednesday. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.39 and a beta of 0.71. The business’s fifty day simple moving average is $181.19 and its two-hundred day simple moving average is $167.72. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million for the quarter, compared to the consensus estimate of $608.46 million. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is 35.06%.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director owned 128,133 shares in the company, valued at $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

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.