California State Teachers Retirement System Buys 11,341,486 Shares of Jack Henry & Associates, Inc. $JKHY

California State Teachers Retirement System grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6,596.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,513,411 shares of the technology company's stock after acquiring an additional 11,341,486 shares during the quarter. California State Teachers Retirement System owned about 16.20% of Jack Henry & Associates worth $1,585,857,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JKHY. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack Henry & Associates by 6,728.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock valued at $113,420,000 after purchasing an additional 612,444 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in Jack Henry & Associates by 231.1% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company's stock worth $3,335,000 after buying an additional 14,728 shares during the last quarter. Swedbank AB grew its stake in Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company's stock worth $26,238,000 after buying an additional 100,239 shares during the last quarter. Amica Mutual Insurance Co. increased its position in Jack Henry & Associates by 60.4% during the 4th quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company's stock valued at $8,863,000 after buying an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Jack Henry & Associates during the 1st quarter valued at about $3,569,000. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on JKHY. Weiss Ratings upgraded Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Royal Bank Of Canada upped their price objective 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. Wolfe Research increased their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. DA Davidson reaffirmed a "buy" rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Finally, Stephens reiterated an "overweight" rating and issued a $200.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.00.

Jack Henry & Associates Stock Down 0.2%

JKHY stock opened at $161.12 on Friday. 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 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.83 and a beta of 0.56. The firm has a 50-day moving average of $157.31 and a two-hundred day moving average of $151.24.

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 return on equity of 23.49% and a net margin of 19.76%.The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The firm's revenue for the quarter 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. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 7.36 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates's dividend payout ratio is presently 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company's products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.

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