Rakuten Investment Management Inc. Takes Position in Jack Henry & Associates, Inc. $JKHY

Rakuten Investment Management Inc. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,298 shares of the technology company’s stock, valued at approximately $4,959,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $27,000. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. Private Trust Co. NA increased its stake in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Jack Henry & Associates during the second quarter worth $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.5%

Shares of JKHY stock opened at $188.70 on Friday. The stock’s 50 day simple moving average is $181.55 and its 200 day simple moving average is $168.50. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 3.24 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company had revenue of $636.11 million for the quarter, compared to the consensus estimate of $634.42 million. During the same quarter last year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were paid a $0.58 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $170.00 to $215.00 in a research note on Monday, December 8th. The Goldman Sachs Group lifted their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. DA Davidson dropped their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. 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 research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $185.00 to $210.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.82.

Insider Buying and Selling at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

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.