UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $161.38 Million Position in Jack Henry & Associates, Inc. $JKHY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.6% in the second quarter, HoldingsChannel.com reports. The fund owned 1,171,662 shares of the technology company’s stock after selling 286,439 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jack Henry & Associates were worth $161,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Essential Partners LLC lifted its stake in Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 195 shares during the period. Larson Financial Group LLC lifted its position in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $35,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $168.10 on Wednesday. The stock has a market cap of $11.79 billion, a P/E ratio of 24.12, a PEG ratio of 1.90 and a beta of 0.56. The stock has a 50 day simple moving average of $153.20 and a 200 day simple moving average of $150.91. The company has a current ratio of 1.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s payout ratio is presently 35.01%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JKHY. Oppenheimer increased their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th. Wolfe Research increased their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Stephens restated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.40.

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.