Jack Henry & Associates, Inc. $JKHY Holdings Increased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Jack Henry & Associates stake by 148.7% in the third quarter, owning 35,132 shares valued at approximately $5.0 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 rose 4.6% year over year to $633.1 million. Analysts expect approximately $7.29 in current-year EPS.
• The company pays a quarterly dividend of $0.61, or $2.44 annually, representing a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $190 versus the stock’s reported price of $154.71.

Assenagon Asset Management S.A. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 148.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,132 shares of the technology company's stock after purchasing an additional 21,007 shares during the period. Assenagon Asset Management S.A. owned 0.05% of Jack Henry & Associates worth $5,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Jack Henry & Associates by 1,918.2% during the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock worth $180,213,000 after buying an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock worth $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Jack Henry & Associates in the second quarter worth approximately $87,669,000. Epoch Investment Partners Inc. increased its position in shares of Jack Henry & Associates by 82.4% in the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock worth $107,718,000 after purchasing an additional 307,886 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Jack Henry & Associates by 214.3% in the first quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company's stock worth $66,264,000 after purchasing an additional 285,893 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $154.71 on Wednesday. The firm has a fifty day simple moving average of $156.48 and a two-hundred day simple moving average of $148.78. 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 twelve month low of $121.04 and a twelve month high of $193.39. The company has a market capitalization of $10.85 billion, a PE ratio of 21.92, a P/E/G ratio of 1.98 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, beating analysts' consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to analysts' expectations 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. 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 declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 4th. Jack Henry & Associates's payout ratio is 35.01%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JKHY. Piper Sandler raised shares of Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 price target for the company in a research note on Friday, October 9th. Bank of America initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, October 15th. They set a "neutral" rating and a $165.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Morgan Stanley dropped 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 report on Wednesday, September 30th. Finally, KeyCorp initiated coverage on shares of Jack Henry & Associates in a research report on Monday, September 14th. They issued an "overweight" rating and a $190.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.00.

About Jack Henry & Associates

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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