Aberdeen Group plc Boosts Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• Aberdeen Group plc increased its stake in Jack Henry & Associates by 93.9%, acquiring an additional 21,888 shares during the first quarter, bringing its total ownership to $8,209,000.
• Analysts have mixed ratings on Jack Henry & Associates, with UBS lowering its price target to $185, while DA Davidson maintains a buy rating with a target of $212.
• Jack Henry & Associates reported a strong quarterly performance with $1.75 EPS, exceeding analysts' expectations, and revenue growth of 9.9% year-over-year.

Aberdeen Group plc boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 93.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,187 shares of the technology company's stock after buying an additional 21,888 shares during the period. Aberdeen Group plc owned approximately 0.06% of Jack Henry & Associates worth $8,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Jack Henry & Associates by 19,937.4% in the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after purchasing an additional 464,941 shares in the last quarter. Deutsche Bank AG increased its position in shares of Jack Henry & Associates by 170.6% during the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock worth $102,278,000 after acquiring an additional 367,806 shares in the last quarter. Nuveen LLC bought a new stake in Jack Henry & Associates in the 1st quarter worth about $31,463,000. Mackenzie Financial Corp grew its position in Jack Henry & Associates by 22.9% in the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock worth $146,418,000 after purchasing an additional 155,831 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Jack Henry & Associates by 363.7% in the 4th quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock worth $30,526,000 after purchasing an additional 136,579 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Trading Up 1.4%

Shares of JKHY stock traded up $2.30 on Friday, hitting $165.56. 768,870 shares of the company's stock traded hands, compared to its average volume of 821,861. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.71. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year high of $196.00. The company's fifty day simple moving average is $173.70 and its 200 day simple moving average is $175.23. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.91 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JKHY. UBS Group dropped their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. DA Davidson reiterated a "buy" rating and issued a $212.00 target price on shares of Jack Henry & Associates in a research note on Monday, August 18th. Robert W. Baird dropped their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada dropped their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and an average target price of $183.50.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.