Greenland Capital Management LP Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Greenland Capital Management initiated a stake in Jack Henry & Associates during the second quarter, purchasing 6,084 shares valued at approximately $838,000. Institutional investors collectively own 98.75% of the company.
• Analysts maintain a favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $193.40; Wolfe Research raised its target to $215.
• Jack Henry reported quarterly EPS of $1.57, exceeding estimates by $0.13, while revenue rose 4.6% year over year to $633.1 million. The company also declared a quarterly dividend of $0.61 per share, representing a 1.5% annualized yield.

Greenland Capital Management LP acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,084 shares of the technology company's stock, valued at approximately $838,000.

Several other hedge funds also recently made changes to their positions in JKHY. Integrated Wealth Concepts LLC boosted its holdings in Jack Henry & Associates by 21.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company's stock worth $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Jack Henry & Associates by 8.8% in the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company's stock valued at $1,312,000 after buying an additional 584 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company's stock valued at $1,125,000 after buying an additional 1,778 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $9,430,000. Finally, Focus Partners Wealth lifted its position in shares of Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company's stock valued at $253,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens restated an "overweight" rating and issued a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Weiss Ratings raised Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Wolfe Research increased their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. Oppenheimer increased their price target 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. Finally, Royal Bank Of Canada lifted their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $193.40.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $165.64 on Monday. The company's fifty day simple moving average is $155.39 and its 200-day simple moving average is $151.12. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The stock has a market cap of $11.61 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.87 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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 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%.Jack Henry & Associates's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 7.37 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company's core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.

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