Korea Investment CORP Boosts Position in Jack Henry & Associates, Inc. $JKHY

Korea Investment CORP lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 140.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,634 shares of the technology company’s stock after acquiring an additional 27,200 shares during the quarter. Korea Investment CORP’s holdings in Jack Henry & Associates were worth $6,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Modera Wealth Management LLC acquired a new position in Jack Henry & Associates in the 3rd quarter worth $3,298,000. Artisan Partners Limited Partnership acquired a new stake in Jack Henry & Associates during the second quarter valued at approximately $74,302,000. Teacher Retirement System of Texas lifted its stake in Jack Henry & Associates by 693.2% during 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 last quarter. Bayforest Capital Ltd bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $998,000. Finally, Bank of New York Mellon Corp boosted its stake in Jack Henry & Associates by 4.8% in 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 acquiring an additional 32,468 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a report on Thursday, November 20th. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Finally, DA Davidson restated a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates Stock Down 0.4%

Shares of Jack Henry & Associates stock opened at $166.34 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.54 and a beta of 0.72. The stock has a 50-day simple moving average of $173.86 and a 200-day simple moving average of $167.77. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 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 net margin of 20.59% and a return on equity of 23.75%. Jack Henry & Associates’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.06%.

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.