Jack Henry & Associates, Inc. $JKHY Stock Purchased by Inspire Investing LLC

Key Points

• Inspire Investing increased its Jack Henry & Associates stake by 28.2% in the third quarter, bringing its holdings to 31,670 shares valued at approximately $4.54 million. Institutional investors collectively own 98.75% of the company.
• Jack Henry shares opened at $162.62, with the company reporting quarterly revenue of $633.1 million and adjusted EPS of $1.57, surpassing analyst estimates. The company also pays a $0.61 quarterly dividend, equal to a 1.5% yield.
• Analysts maintain a generally positive view, with the stock holding a “Moderate Buy” consensus rating and an average price target of $190.00; recent targets range from $178 to $209.

Inspire Investing LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,670 shares of the technology company's stock after buying an additional 6,975 shares during the period. Inspire Investing LLC's holdings in Jack Henry & Associates were worth $4,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth about $34,000. E. Ohman J or Asset Management AB acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $2,765,000. Cardinal Capital Management boosted its position in shares of Jack Henry & Associates by 5.2% during the 3rd quarter. Cardinal Capital Management now owns 20,150 shares of the technology company's stock valued at $2,886,000 after acquiring an additional 991 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Jack Henry & Associates by 152.6% in the third quarter. Axxcess Wealth Management LLC now owns 4,926 shares of the technology company's stock valued at $706,000 after acquiring an additional 2,976 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Jack Henry & Associates by 1.3% in the third quarter. Crossmark Global Holdings Inc. now owns 7,842 shares of the technology company's stock valued at $1,123,000 after acquiring an additional 97 shares during the period. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 0.5%

Shares of NASDAQ:JKHY opened at $162.62 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. 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 company's fifty day moving average is $156.80 and its 200-day moving average is $148.88. The company has a market capitalization of $11.40 billion, a PE ratio of 23.33, a P/E/G ratio of 2.01 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million during the quarter, compared to analysts' expectations of $631.60 million. During the same quarter last year, the company posted $1.75 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend 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 presently 35.01%.

Analysts Set New Price Targets

Several research firms recently issued reports on JKHY. DA Davidson reissued a "buy" rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Weiss Ratings raised Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $178.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, September 30th. The Goldman Sachs Group increased their target price on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Finally, Oppenheimer increased their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.00.

Jack Henry & Associates Company 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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