Bank of New York Mellon Corp Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Bank of New York Mellon purchased 636,479 shares of Jack Henry & Associates during the second quarter, a position valued at approximately $87.7 million and representing about 0.90% of the company.
• Jack Henry reported quarterly earnings of $1.57 per share, beating estimates of $1.44, while revenue rose 4.6% year over year to $633.1 million. The company issued fiscal 2027 EPS guidance of $7.33–$7.38.
• Jack Henry declared a quarterly dividend of $0.61 per share, equivalent to an annualized $2.44 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $193.40.

Bank of New York Mellon Corp purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 636,479 shares of the technology company's stock, valued at approximately $87,669,000. Bank of New York Mellon Corp owned about 0.90% of Jack Henry & Associates at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JKHY. Northwest & Ethical Investments L.P. raised its holdings in shares of Jack Henry & Associates by 3.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company's stock worth $365,000 after acquiring an additional 64 shares during the period. Advisory Services Network LLC grew its holdings in shares of Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company's stock valued at $466,000 after purchasing an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its position in Jack Henry & Associates by 0.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company's stock worth $3,598,000 after purchasing an additional 71 shares during the last quarter. Essential Partners LLC raised its stake in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company's stock worth $29,000 after purchasing an additional 73 shares during the period. Finally, DNB Asset Management AS boosted its holdings in Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company's stock valued at $2,420,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $173.62 on Wednesday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. 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 1.74, a current ratio of 1.38 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $148.76 and a 200 day moving average price of $150.98.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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 net margin of 19.76% and a return on equity of 23.49%. The company had revenue of $633.10 million for the quarter, compared to analysts' expectations of $631.60 million. During the same quarter last year, the company earned $1.75 earnings per share. 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. Research analysts predict that Jack Henry & Associates, Inc. will post 7.38 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. Barclays lifted their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 20th. Oppenheimer boosted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th. Finally, Stephens restated an "overweight" rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 11th. One equities research 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 stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of "Moderate Buy" and a consensus price target 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.

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