Jack Henry & Associates, Inc. $JKHY Shares Purchased by VELA Investment Management LLC

VELA Investment Management LLC raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 77.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,260 shares of the technology company’s stock after purchasing an additional 28,474 shares during the quarter. Jack Henry & Associates accounts for about 1.9% of VELA Investment Management LLC’s holdings, making the stock its 7th biggest position. VELA Investment Management LLC’s holdings in Jack Henry & Associates were worth $8,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in shares of Jack Henry & Associates by 6,596.8% during the 2nd quarter. California State Teachers Retirement System now owns 11,513,411 shares of the technology company’s stock worth $1,585,857,000 after buying an additional 11,341,486 shares in the last quarter. State Street Corp boosted its stake in shares of Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after buying an additional 97,140 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Jack Henry & Associates by 9.5% in the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Jack Henry & Associates by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after acquiring an additional 66,633 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after acquiring an additional 831,372 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JKHY shares. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Wolfe Research boosted their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada raised their target price on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Stephens restated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Finally, UBS Group upped their price target on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.40.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $165.64 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.87 and a beta of 0.56. The business has a fifty day moving average of $155.39 and a 200-day moving average of $151.12. 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 (NASDAQ:JKHY) last posted 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. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter last year, the company earned $1.75 earnings per share. The business’s revenue for the quarter 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 fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed 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 currently 35.01%.

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.