Nordea Investment Management AB Sells 46,949 Shares of Jack Henry & Associates, Inc. $JKHY

Nordea Investment Management AB lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 723,625 shares of the technology company’s stock after selling 46,949 shares during the period. Nordea Investment Management AB’s holdings in Jack Henry & Associates were worth $132,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Procyon Advisors LLC raised its stake in shares of Jack Henry & Associates by 6.0% in the fourth quarter. Procyon Advisors LLC now owns 1,670 shares of the technology company’s stock worth $305,000 after purchasing an additional 95 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter valued at approximately $215,000. Impact Capital Partners LLC grew its holdings in Jack Henry & Associates by 68.4% during the fourth quarter. Impact Capital Partners LLC now owns 7,011 shares of the technology company’s stock worth $1,279,000 after buying an additional 2,848 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Jack Henry & Associates by 82.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 259 shares of the technology company’s stock valued at $47,000 after buying an additional 117 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its position in Jack Henry & Associates by 8.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 6,346 shares of the technology company’s stock valued at $1,158,000 after buying an additional 479 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Thursday, February 5th. DA Davidson reiterated a “buy” rating and set a $216.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. 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. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Wolfe Research set a $220.00 target price on shares of Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.42.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $165.38 on Monday. The company has a market cap of $11.94 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $193.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $171.65 and its two-hundred day simple moving average is $168.02.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. During the same quarter last year, the company earned $1.34 earnings per share. The company’s 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 predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be paid a $0.61 dividend. The ex-dividend date is Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.06%.

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.