Squarepoint Ops LLC Has $2.81 Million Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• Squarepoint Ops LLC increased its Jack Henry & Associates stake by 962% in the second quarter, bringing its holdings to 20,369 shares valued at approximately $2.81 million. Institutional investors and hedge funds collectively own 98.75% of the stock.
• Analysts maintain a favorable outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $192. Recent target increases included Wolfe Research at $215 and Oppenheimer at $209.
• Jack Henry & Associates exceeded quarterly earnings expectations, reporting $1.57 EPS and $633.1 million in revenue, up 4.6% year over year. The company also declared a quarterly dividend of $0.61 per share, representing a 1.5% annualized yield.

Squarepoint Ops LLC boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 962.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,369 shares of the technology company's stock after acquiring an additional 18,451 shares during the period. Squarepoint Ops LLC's holdings in Jack Henry & Associates were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock valued at $113,420,000 after purchasing an additional 612,444 shares during the period. Dai ichi Life Insurance Company Ltd increased its position in Jack Henry & Associates by 231.1% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company's stock worth $3,335,000 after buying an additional 14,728 shares during the period. Swedbank AB lifted its holdings in shares of Jack Henry & Associates by 230.2% during the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company's stock worth $26,238,000 after buying an additional 100,239 shares in the last quarter. Amica Mutual Insurance Co. lifted its holdings in shares of Jack Henry & Associates by 60.4% during the fourth quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company's stock worth $8,863,000 after buying an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Jack Henry & Associates in the first quarter valued at about $3,569,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wolfe Research upped their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. UBS Group lifted their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Oppenheimer increased their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Finally, Stephens reaffirmed an "overweight" rating and set a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Moderate Buy" and an average price target of $192.00.

Jack Henry & Associates Price Performance

JKHY stock opened at $161.12 on Monday. The company has a market cap of $11.30 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. The business has a 50-day simple moving average of $157.31 and a 200 day simple moving average of $151.21. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39. 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 (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $631.60 million. During the same period in the prior year, the company posted $1.75 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 7.36 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 35.01%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company's products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.

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