Jack Henry & Associates, Inc. $JKHY Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Jack Henry & Associates stake by 2,157.3% in the third quarter, bringing its holdings to 30,000 shares valued at approximately $4.3 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. The company also pays a $0.61 quarterly dividend, equivalent to a 1.5% yield.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $190, compared with the stock’s reported price of $161.34.

International Assets Investment Management LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2,157.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the technology company's stock after purchasing an additional 28,671 shares during the quarter. International Assets Investment Management LLC's holdings in Jack Henry & Associates were worth $4,297,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JKHY. Choreo LLC purchased a new stake in Jack Henry & Associates during the third quarter worth $251,000. D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates by 3.2% in the 3rd quarter. D.A. Davidson & CO. now owns 3,464 shares of the technology company's stock valued at $496,000 after acquiring an additional 108 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,934 shares of the technology company's stock valued at $277,000 after acquiring an additional 142 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth $349,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Jack Henry & Associates by 10.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,073 shares of the technology company's stock worth $583,000 after acquiring an additional 394 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $161.34 on Monday. 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 52-week low of $121.04 and a 52-week high of $193.39. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.00 and a beta of 0.55. The business has a 50-day moving average price of $156.86 and a 200-day moving average price of $154.87.

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 during the quarter, compared to analysts' expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 7.30 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. 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. Wolfe Research boosted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Seaport Research Partners initiated coverage on shares of Jack Henry & Associates in a report on Monday, September 28th. They issued a "buy" rating and a $193.00 target price for the company. Weiss Ratings raised shares of Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 20th. Finally, Piper Sandler upgraded shares of Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 price target on the stock in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.