American Capital Management Inc. Acquires Shares of 99,930 Jack Henry & Associates, Inc. $JKHY

Key Points

• American Capital Management acquired 99,930 shares of Jack Henry & Associates in the second quarter, valued at approximately $13.8 million. Institutional investors collectively own 98.75% of the company.
• Jack Henry exceeded quarterly expectations, reporting $1.57 in EPS versus the $1.44 consensus estimate and $633.1 million in revenue, up 4.6% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $193.40, while the company declared a quarterly dividend of $0.61 per share, representing a 1.4% annualized yield.

American Capital Management Inc. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 99,930 shares of the technology company's stock, valued at approximately $13,764,000. American Capital Management Inc. owned approximately 0.14% of Jack Henry & Associates as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Janus Henderson Group PLC raised its stake in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Jack Henry & Associates by 160.2% in 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 valued at $246,420,000 after buying an additional 831,372 shares during the last quarter. Norges Bank purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $128,744,000. Bank of New York Mellon Corp purchased a new position in shares of Jack Henry & Associates in the second quarter worth about $87,669,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock worth $113,420,000 after acquiring an additional 612,444 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $172.39 on Thursday. The business's fifty day moving average price is $149.72 and its 200 day moving average price is $150.95. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a current ratio of 1.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $12.25 billion, a PE ratio of 24.73, a P/E/G ratio of 1.96 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS 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 company had revenue of $633.10 million during the quarter, compared to analysts' expectations of $631.60 million. During the same quarter last year, the company posted $1.75 EPS. The firm's 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. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 35.01%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group increased their price objective 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. Barclays boosted their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. The Goldman Sachs Group upped their price target on Jack Henry & Associates from $158.00 to $178.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a report on Friday, May 8th. Finally, Wolfe Research lifted their price objective on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.