42,100 Shares in Jack Henry & Associates, Inc. $JKHY Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 42,100 shares of Jack Henry & Associates, worth approximately $5.8 million, while institutional investors and hedge funds collectively own 98.75% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $193.40, above the stock’s reported $159.83 price.
• Jack Henry exceeded quarterly earnings expectations, reporting $1.57 EPS and $633.1 million in revenue, up 4.6% year over year. The company also declared a quarterly dividend of $0.61 per share, representing a 1.5% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,100 shares of the technology company's stock, valued at approximately $5,799,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Jack Henry & Associates at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company's stock valued at $384,000 after purchasing an additional 367 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Jack Henry & Associates by 8.8% during the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company's stock worth $1,312,000 after buying an additional 584 shares during the last quarter. Woodline Partners LP raised its stake in shares of Jack Henry & Associates by 40.6% during the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company's stock worth $1,125,000 after buying an additional 1,778 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $9,430,000. Finally, Focus Partners Wealth boosted its position in shares of Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company's stock worth $253,000 after buying an additional 182 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. 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. Oppenheimer upped their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Wolfe Research upped their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. DA Davidson reiterated a "buy" rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. 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 equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.40.

Jack Henry & Associates Stock Down 3.5%

JKHY opened at $159.83 on Wednesday. The firm has a market cap of $11.21 billion, a P/E ratio of 22.93, a PEG ratio of 1.87 and a beta of 0.56. The business's fifty day simple moving average is $156.41 and its 200 day simple moving average is $151.18. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. 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 - Get Free Report) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate 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 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 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 7.37 EPS 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. Investors of record on Monday, September 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates's dividend payout ratio is presently 35.01%.

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.

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