Jack Henry & Associates, Inc. $JKHY Stock Purchased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,670 shares of the technology company’s stock after purchasing an additional 6,975 shares during the quarter. Inspire Investing LLC’s holdings in Jack Henry & Associates were worth $4,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Dai ichi Life Insurance Company Ltd increased its stake in shares of Jack Henry & Associates by 231.1% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock valued at $3,335,000 after buying an additional 14,728 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Jack Henry & Associates in the first quarter valued at about $3,569,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Jack Henry & Associates by 88.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,266 shares of the technology company’s stock valued at $11,579,000 after buying an additional 34,300 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after buying an additional 307,886 shares in the last quarter. Finally, Morningstar Investment Management LLC lifted its position in Jack Henry & Associates by 115.5% during the 1st quarter. Morningstar Investment Management LLC now owns 20,175 shares of the technology company’s stock worth $3,188,000 after buying an additional 10,815 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.5%

NASDAQ JKHY opened at $162.62 on Friday. The stock has a fifty day moving average of $156.80 and a 200-day moving average of $148.88. The stock has a market capitalization of $11.40 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results 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 return on equity of 23.49% and a net margin of 19.76%. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 7.29 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research analyst reports. Piper Sandler raised shares of Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Friday, October 9th. Seaport Research Partners started coverage on shares of Jack Henry & Associates in a research note on Monday, September 28th. They issued a “buy” rating and a $193.00 target price for the company. Wolfe Research boosted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Bank of America assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, October 15th. They set a “neutral” rating and a $165.00 target price on the stock. Finally, Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

About Jack Henry & Associates

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.