Pacifica Partners Inc. Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Pacifica Partners acquired 18,015 shares of Jack Henry & Associates in the second quarter, valued at approximately $2.65 million. Institutional investors collectively own 98.75% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $193.40; Barclays, Goldman Sachs, and Royal Bank of Canada recently raised their targets.
• Jack Henry exceeded quarterly earnings expectations with EPS of $1.57 versus the $1.44 consensus and revenue of $633.1 million. The company also declared a quarterly dividend of $0.61 per share, representing a 1.5% annualized yield.

Pacifica Partners Inc. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,015 shares of the technology company's stock, valued at approximately $2,646,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock valued at $180,213,000 after purchasing an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Jack Henry & Associates by 13,343.0% during the 1st 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company's stock worth $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Norges Bank purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth $128,744,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Jack Henry & Associates during the second quarter worth $87,669,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JKHY shares. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research note on Friday, May 8th. The Goldman Sachs Group upped their price objective on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Barclays increased their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Weiss Ratings upgraded Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Finally, Royal Bank Of Canada upped their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $193.40.

Jack Henry & Associates Trading Up 0.1%

Shares of JKHY stock opened at $168.10 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.74 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's 50-day moving average price is $153.20 and its 200-day moving average price is $150.91. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.90 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million during the quarter, compared to analysts' expectations of $631.60 million. During the same period last year, the business earned $1.75 earnings per share. Jack Henry & Associates's revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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 issued a dividend of $0.61 per share. The ex-dividend date 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 currently 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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