Paralel Advisors LLC Invests $2.02 Million in Jack Henry & Associates, Inc. $JKHY

Paralel Advisors LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,638 shares of the technology company's stock, valued at approximately $2,016,000.

Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company's stock valued at $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC grew its stake in Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company's stock worth $1,312,000 after acquiring an additional 584 shares in the last quarter. Woodline Partners LP grew its stake in Jack Henry & Associates by 40.6% in the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company's stock worth $1,125,000 after acquiring an additional 1,778 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Jack Henry & Associates during the first quarter worth approximately $9,430,000. Finally, Focus Partners Wealth increased its position in shares of Jack Henry & Associates by 15.1% during the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company's stock worth $253,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on JKHY shares. Royal Bank Of Canada lifted their price target on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Stephens restated an "overweight" rating and set a $200.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 11th. DA Davidson reissued a "buy" rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Barclays raised their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group lifted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a "neutral" rating in a 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 given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.40.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $165.64 on Monday. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.87 and a beta of 0.56. The company's 50 day moving average is $155.39 and its 200 day moving average is $151.12. 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.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. Jack Henry & Associates's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 7.37 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates's dividend payout ratio is 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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