Paralel Advisors LLC Buys Shares of 14,638 Jack Henry & Associates, Inc. $JKHY

Paralel Advisors LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,638 shares of the technology company’s stock, valued at approximately $2,016,000.

A number of other large investors have also made changes to their positions in JKHY. Northwestern Mutual Wealth Management Co. raised its position in shares of Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its position in Jack Henry & Associates by 231.1% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock worth $3,335,000 after purchasing an additional 14,728 shares during the last quarter. Swedbank AB grew its position in Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock worth $26,238,000 after purchasing an additional 100,239 shares during the last quarter. Amica Mutual Insurance Co. increased its stake in Jack Henry & Associates by 60.4% during the 4th quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company’s stock valued at $8,863,000 after purchasing an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Jack Henry & Associates during the 1st quarter valued at approximately $3,569,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $165.64 on Monday. The company has a 50 day simple moving average of $155.39 and a two-hundred day simple moving average of $151.12. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.87 and a beta of 0.56. The company has a current ratio of 1.17, a quick 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 released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter in the prior year, the business earned $1.75 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 7.37 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. The Goldman Sachs Group raised their target price on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Oppenheimer lifted their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Stephens reiterated an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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.