Total Wealth Planning & Management Inc. Acquires New Holdings in Jack Henry & Associates, Inc. $JKHY

Total Wealth Planning & Management Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, Holdings Channel.com reports. The institutional investor bought 10,689 shares of the technology company’s stock, valued at approximately $1,531,000. Jack Henry & Associates comprises about 1.0% of Total Wealth Planning & Management Inc.’s portfolio, making the stock its 15th biggest position.

Several other large investors also recently added to or reduced their stakes in JKHY. Signaturefd LLC boosted its holdings in Jack Henry & Associates by 51.9% in the third quarter. Signaturefd LLC now owns 3,350 shares of the technology company’s stock worth $480,000 after purchasing an additional 1,144 shares in the last quarter. Gibbs Wealth Management increased its holdings in shares of Jack Henry & Associates by 5.1% during the 3rd quarter. Gibbs Wealth Management now owns 3,976 shares of the technology company’s stock valued at $570,000 after acquiring an additional 193 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Jack Henry & Associates by 189.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,819 shares of the technology company’s stock valued at $690,000 after acquiring an additional 3,156 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Jack Henry & Associates by 28.2% in the 3rd quarter. Inspire Investing LLC now owns 31,670 shares of the technology company’s stock valued at $4,536,000 after acquiring an additional 6,975 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $34,000. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on JKHY shares. Piper Sandler upgraded Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Friday, October 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Morgan Stanley dropped their price target on shares of Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Stephens restated an “overweight” rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Finally, Raymond James Financial upped their price objective on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

Jack Henry & Associates Stock Performance

JKHY opened at $162.62 on Monday. The firm has a market capitalization of $11.40 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. The stock’s 50 day moving average price is $156.80 and its two-hundred day moving average price is $148.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. Jack Henry & Associates’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.