Credit Agricole S A Has $4.96 Million Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• Credit Agricole S A increased its holdings in Jack Henry & Associates by 44.3%, acquiring an additional 8,334 shares and bringing its total ownership to 27,141 shares valued at approximately $4.96 million.
• Wall Street analysts have mixed views on Jack Henry & Associates, with the average rating at "Hold" and a consensus target price of $183.50, while some firms have recently lowered their price targets.
• Jack Henry & Associates reported $1.75 EPS for the last quarter, exceeding the consensus estimate of $1.50, with a revenue increase of 9.9% compared to the previous year.

Credit Agricole S A boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 44.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,141 shares of the technology company's stock after buying an additional 8,334 shares during the quarter. Credit Agricole S A's holdings in Jack Henry & Associates were worth $4,956,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after purchasing an additional 464,941 shares during the last quarter. Deutsche Bank AG raised its position in Jack Henry & Associates by 170.6% in 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 acquired a new position in Jack Henry & Associates during the first quarter worth about $31,463,000. Mackenzie Financial Corp boosted its position in Jack Henry & Associates by 22.9% during the fourth 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 increased its holdings in Jack Henry & Associates by 363.7% during the 4th quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock valued at $30,526,000 after acquiring an additional 136,579 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JKHY shares. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada reduced their price target on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 21st. Robert W. Baird cut their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $182.70.

Jack Henry & Associates Stock Down 0.1%

NASDAQ:JKHY traded down $0.14 during trading hours on Thursday, hitting $162.60. 123,962 shares of the stock traded hands, compared to its average volume of 640,442. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The firm has a 50 day moving average price of $172.58 and a 200 day moving average price of $174.99. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.91 and a beta of 0.73.

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

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's payout ratio is presently 37.18%.

Insiders Place Their Bets

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates 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.