PEAK6 LLC Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• PEAK6 LLC recently acquired 10,018 shares of Jack Henry & Associates, Inc. for approximately $1.83 million, marking a new investment in the technology company.
• Jack Henry & Associates reported a strong quarterly performance with an EPS of $1.75, surpassing analysts' estimates and showing a 9.9% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $0.58 payable on September 26th, representing an annualized yield of 1.4%.

PEAK6 LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,018 shares of the technology company's stock, valued at approximately $1,829,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JKHY. Price T Rowe Associates Inc. MD raised its stake in shares of Jack Henry & Associates by 0.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 104,058 shares of the technology company's stock worth $18,242,000 after purchasing an additional 563 shares in the last quarter. Northern Trust Corp raised its stake in shares of Jack Henry & Associates by 9.9% during the 4th quarter. Northern Trust Corp now owns 788,861 shares of the technology company's stock worth $138,287,000 after purchasing an additional 71,304 shares in the last quarter. AQR Capital Management LLC raised its stake in Jack Henry & Associates by 363.7% in the 4th quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock valued at $30,526,000 after acquiring an additional 136,579 shares during the period. Comerica Bank raised its stake in Jack Henry & Associates by 7.9% in the 4th quarter. Comerica Bank now owns 41,521 shares of the technology company's stock valued at $7,279,000 after acquiring an additional 3,054 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in Jack Henry & Associates in the 4th quarter valued at $1,293,000. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JKHY. Robert W. Baird decreased their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. UBS Group decreased 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, August 21st. Keefe, Bruyette & Woods reduced 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, August 21st. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $182.33.

Jack Henry & Associates Stock Down 0.1%

Shares of JKHY stock traded down $0.10 during mid-day trading on Thursday, reaching $161.49. 111,760 shares of the stock traded hands, compared to its average volume of 641,769. The stock's fifty day simple moving average is $170.82 and its two-hundred day simple moving average is $174.71. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year high of $196.00. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same period last year, the company earned $1.33 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the firm's 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 completion of the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates 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.