Caisse DE Depot ET Placement DU Quebec Invests $16.66 Million in Jack Henry & Associates, Inc. $JKHY

Key Points

• Caisse DE Depot ET Placement DU Quebec has invested approximately $16.66 million in Jack Henry & Associates by acquiring 91,257 shares, representing about 0.13% of the company's stock.
• Jack Henry & Associates recently reported earnings of $1.75 per share, exceeding analyst expectations of $1.50, with revenues of $615.37 million for the quarter, marking a 9.9% increase year-over-year.
• The company announced a quarterly dividend of $0.58 per share, which will be paid on September 26th, giving an annualized yield of 1.4%.

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 91,257 shares of the technology company's stock, valued at approximately $16,664,000. Caisse DE Depot ET Placement DU Quebec owned 0.13% of Jack Henry & Associates as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Summit Securities Group LLC acquired a new stake in Jack Henry & Associates during the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $38,000. Assetmark Inc. raised its stake in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after buying an additional 149 shares during the last quarter. National Pension Service raised its stake in shares of Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after buying an additional 115 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent research reports. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note on Thursday, August 21st. UBS Group reduced their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $182.70.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Trading Up 0.3%

NASDAQ:JKHY traded up $0.44 during trading hours on Monday, hitting $163.26. 692,777 shares of the stock were exchanged, compared to its average volume of 866,242. Jack Henry & Associates, Inc. has a 52-week low of $157.80 and a 52-week high of $196.00. The firm's fifty day moving average price is $171.91 and its 200 day moving average price is $174.93. The company has a market cap of $11.90 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.93 and a beta of 0.79.

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

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's payout ratio is 37.18%.

Jack Henry & Associates Company Profile

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.