Elo Mutual Pension Insurance Co Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Elo Mutual Pension Insurance Co acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,406 shares of the technology company’s stock, valued at approximately $1,997,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank raised its stake in Jack Henry & Associates by 14.5% in the 3rd quarter. Huntington National Bank now owns 615 shares of the technology company’s stock valued at $92,000 after acquiring an additional 78 shares during the period. Quantbot Technologies LP increased its holdings in shares of Jack Henry & Associates by 278.2% in the third quarter. Quantbot Technologies LP now owns 15,934 shares of the technology company’s stock valued at $2,373,000 after purchasing an additional 11,721 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of Jack Henry & Associates by 713.0% in the third quarter. Aster Capital Management DIFC Ltd now owns 439 shares of the technology company’s stock valued at $65,000 after purchasing an additional 385 shares during the period. Andra AP fonden lifted its stake in shares of Jack Henry & Associates by 187.6% during the 3rd quarter. Andra AP fonden now owns 45,068 shares of the technology company’s stock worth $6,712,000 after buying an additional 29,398 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in shares of Jack Henry & Associates by 30.8% during the 3rd quarter. Banco Santander S.A. now owns 10,699 shares of the technology company’s stock worth $1,593,000 after buying an additional 2,519 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a report on Thursday, February 5th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley boosted their price target on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price objective for the company from $179.00 to $187.00 in a report on Thursday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $168.43 on Thursday. The business has a fifty day moving average price of $175.70 and a two-hundred day moving average price of $167.54. The stock has a market capitalization of $12.16 billion, a PE ratio of 24.20, a P/E/G ratio of 2.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

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

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 5th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is presently 33.33%.

Jack Henry & Associates 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.