Diversified Management Inc. Buys New Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• Diversified Management Inc. acquired 8,133 shares of Jack Henry & Associates in the third quarter, valued at approximately $1.17 million. Institutional investors collectively own 98.75% of the company.
• Jack Henry reported quarterly EPS of $1.57, exceeding analyst expectations of $1.44, while revenue reached $633.1 million and rose 4.6% year over year.
• The company pays a quarterly dividend of $0.61, equivalent to an annualized $2.44 and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $191.47.

Diversified Management Inc. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,133 shares of the technology company's stock, valued at approximately $1,165,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Essential Partners LLC lifted its position in shares of Jack Henry & Associates by 65.8% in the 1st 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. SJS Investment Consulting Inc. lifted its holdings in Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company's stock worth $38,000 after buying an additional 236 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Jack Henry & Associates in the first quarter worth about $63,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Jack Henry & Associates by 42.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 433 shares of the technology company's stock valued at $68,000 after acquiring an additional 128 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at approximately $76,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 2.3%

NASDAQ:JKHY opened at $149.05 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $10.45 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.66 and a beta of 0.56. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The firm has a 50-day simple moving average of $156.85 and a two-hundred day simple moving average of $149.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 7.31 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were paid a $0.61 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates's payout ratio is currently 35.01%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research reports. DA Davidson restated a "buy" rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Oppenheimer raised their price objective 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. Piper Sandler raised their price objective on Jack Henry & Associates from $171.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, September 16th. UBS Group restated a "neutral" rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Finally, Stephens reaffirmed an "overweight" rating and issued a $200.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $191.47.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.

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