Nuveen LLC Makes New $31.46 Million Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Nuveen LLC has acquired a new stake in Jack Henry & Associates, purchasing 172,306 shares valued at approximately $31.46 million, which represents about 0.24% of the company's total stock.
• Other hedge funds have also increased their holdings in Jack Henry & Associates, with Mitsubishi UFJ Asset Management boosting their stake by 3.7% to own over 1.36 million shares.
• Analyst ratings for Jack Henry & Associates show a mix of sentiments, with one sell rating, eight hold ratings, and three buy ratings, resulting in a current consensus rating of "Hold" and a target price of $185.11.

Nuveen LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 172,306 shares of the technology company's stock, valued at approximately $31,463,000. Nuveen LLC owned 0.24% of Jack Henry & Associates as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JKHY. Walleye Capital LLC purchased a new stake in Jack Henry & Associates during the fourth quarter worth approximately $455,000. Guggenheim Capital LLC lifted its stake in Jack Henry & Associates by 67.3% in the fourth quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company's stock valued at $740,000 after buying an additional 1,697 shares during the last quarter. Farringdon Capital Ltd. purchased a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $202,000. Freedom Investment Management Inc. lifted its stake in Jack Henry & Associates by 4.5% in the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock valued at $345,000 after buying an additional 85 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $235,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JKHY. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday. DA Davidson reaffirmed a "buy" rating and set a $212.00 price objective on shares of Jack Henry & Associates in a report on Monday. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a report on Thursday. UBS Group dropped their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $183.50.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded up $2.42 on Friday, hitting $165.68. The company had a trading volume of 140,025 shares, compared to its average volume of 638,680. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 52-week low of $157.80 and a 52-week high of $196.00. The business has a 50 day moving average of $173.97 and a 200 day moving average of $175.28. The company has a market cap of $12.06 billion, a PE ratio of 26.45, a PEG ratio of 2.95 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same period in the prior year, the business posted $1.33 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.