US Bancorp DE Has $3.35 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

US Bancorp DE reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,504 shares of the technology company’s stock after selling 4,551 shares during the period. US Bancorp DE’s holdings in Jack Henry & Associates were worth $3,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Empirical Asset Management LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $526,000. Jacobson & Schmitt Advisors LLC increased its holdings in Jack Henry & Associates by 60.0% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 93,966 shares of the technology company’s stock worth $13,994,000 after purchasing an additional 35,223 shares in the last quarter. Mufg Securities Americas Inc. increased its holdings in Jack Henry & Associates by 21.7% during the 3rd quarter. Mufg Securities Americas Inc. now owns 1,964 shares of the technology company’s stock worth $292,000 after purchasing an additional 350 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $363,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Jack Henry & Associates by 9.7% in the third quarter. Koshinski Asset Management Inc. now owns 5,007 shares of the technology company’s stock valued at $746,000 after purchasing an additional 441 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on JKHY. Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a research report on Thursday, November 20th. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. The Goldman Sachs Group increased their target price on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $181.00 to $196.00 in a research note on Tuesday, February 17th. One equities research 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 company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average target price of $200.42.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $168.75 on Wednesday. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.50 and a beta of 0.72. The stock’s 50 day moving average price is $176.04 and its two-hundred day moving average price is $167.53. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share 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 business had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter in the prior year, the business earned $1.34 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 annualized dividend and a yield of 1.4%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is currently 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.