Public Employees Retirement System of Ohio Makes New $3.07 Million Investment in Jack Henry & Associates, Inc. $JKHY

Public Employees Retirement System of Ohio acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,268 shares of the technology company’s stock, valued at approximately $3,067,000.

Several other hedge funds have also recently modified their holdings of JKHY. Integrated Wealth Concepts LLC boosted its stake in shares of Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after buying an additional 367 shares during the last quarter. Empowered Funds LLC increased its position in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after acquiring an additional 584 shares during the last quarter. Woodline Partners LP lifted its holdings in Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after acquiring an additional 1,778 shares during the period. Jane Street Group LLC bought a new stake in Jack Henry & Associates during the first quarter worth $9,430,000. Finally, Focus Partners Wealth boosted its position in Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 1.6%

JKHY stock opened at $165.64 on Friday. The stock has a fifty day moving average of $155.39 and a 200-day moving average of $151.16. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The business had revenue of $633.10 million for 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%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 7.41 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research note on Friday, May 8th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. UBS Group increased their price target on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday. Finally, Oppenheimer boosted their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.40.

About Jack Henry & Associates

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.