29,883 Shares in Jack Henry & Associates, Inc. $JKHY Bought by TABR Capital Management LLC

TABR Capital Management LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,883 shares of the technology company’s stock, valued at approximately $5,453,000. Jack Henry & Associates comprises about 1.4% of TABR Capital Management LLC’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. Quent Capital LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at about $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $44,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. DA Davidson reissued a “buy” rating and issued a $216.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus price target of $200.15.

Jack Henry & Associates Stock Up 1.1%

Jack Henry & Associates stock opened at $155.50 on Wednesday. The firm has a 50 day moving average price of $160.08 and a 200-day moving average price of $168.16. 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, Inc. has a twelve month low of $144.12 and a twelve month high of $193.39. The company has a market capitalization of $11.22 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.31 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The company had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter in the previous year, the firm posted $1.34 EPS. Jack Henry & Associates’s revenue 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. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 6.67 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio 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.