Jack Henry & Associates, Inc. $JKHY Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Jack Henry & Associates by 262.5% in the first quarter, now holding 19,136 shares worth approximately $3.49 million.
• Multiple institutional investors, including Summit Securities and Cullen Frost Bankers, have also acquired new stakes in Jack Henry & Associates, leading to a 98.75% institutional ownership in the company.
• Jack Henry & Associates recently reported an earnings per share of $1.75, surpassing estimates, with a year-over-year revenue increase of 9.9%, indicating strong operational performance.

Quantbot Technologies LP raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 262.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,136 shares of the technology company's stock after buying an additional 13,857 shares during the quarter. Quantbot Technologies LP's holdings in Jack Henry & Associates were worth $3,494,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Jack Henry & Associates by 27.7% during the 1st quarter. Wellington Management Group LLP now owns 3,685 shares of the technology company's stock valued at $673,000 after buying an additional 799 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $26,000. Raymond James Financial Inc. boosted its holdings in shares of Jack Henry & Associates by 2.8% in the 1st quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company's stock worth $142,190,000 after purchasing an additional 21,040 shares during the period. Element Capital Management LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $2,776,000. Finally, Aberdeen Group plc boosted its holdings in shares of Jack Henry & Associates by 93.9% in the 1st quarter. Aberdeen Group plc now owns 45,187 shares of the technology company's stock worth $8,209,000 after purchasing an additional 21,888 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.4%

Shares of JKHY stock traded up $2.30 on Friday, reaching $165.56. 768,870 shares of the company's stock were exchanged, compared to its average volume of 821,861. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $12.06 billion, a PE ratio of 26.53, a P/E/G ratio of 2.91 and a beta of 0.73. The company's fifty day simple moving average is $173.70 and its 200 day simple moving average is $175.23.

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

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent research reports. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. DA Davidson reiterated a "buy" rating and issued a $212.00 target price on shares of Jack Henry & Associates in a report on Monday, August 18th. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday. Robert W. Baird dropped their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, UBS Group dropped their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $183.50.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates 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 value of $966,878.40. Following the completion of the sale, the director owned 139,265 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 1.37% of the company's stock.

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.