E. Ohman J or Asset Management AB Acquires New Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• E. Ohman Jor Asset Management AB acquired 19,302 shares of Jack Henry & Associates during the third quarter, valued at approximately $2.8 million. Institutional investors collectively own 98.75% of the company.
• Jack Henry reported quarterly EPS of $1.57, beating estimates of $1.44, while revenue reached $633.1 million and increased 4.6% year over year. The company also issued a quarterly dividend of $0.61 per share, representing a 1.5% yield.
• Analyst sentiment remains positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $190, compared with the stock’s reported opening price of $161.80.

E. Ohman J or Asset Management AB acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,302 shares of the technology company's stock, valued at approximately $2,765,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Essential Partners LLC lifted its holdings 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 buying an additional 73 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Jack Henry & Associates by 3,933.3% during the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company's stock valued at $38,000 after buying an additional 236 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Jack Henry & Associates during the first quarter valued at $63,000. Mather Group LLC. raised its holdings in shares of Jack Henry & Associates by 75.1% in the third quarter. Mather Group LLC. now owns 408 shares of the technology company's stock valued at $58,000 after acquiring an additional 175 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Jack Henry & Associates by 42.0% in the first 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. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $161.80 on Friday. The firm's fifty day moving average is $156.62 and its two-hundred day moving average is $148.78. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.90 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39.

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, beating analysts' consensus estimates of $1.44 by $0.13. The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 7.29 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 4th. Jack Henry & Associates's dividend payout ratio (DPR) is 35.01%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Jack Henry & Associates from $170.00 to $158.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 30th. DA Davidson restated a "buy" rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Piper Sandler upgraded shares of Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 price objective for the company in a research note on Friday, October 9th. Wolfe Research boosted their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Finally, Oppenheimer upped 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of "Moderate Buy" and an average price target of $190.00.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

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