Teacher Retirement System of Texas Cuts Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• Teacher Retirement System of Texas cut its stake in Jack Henry & Associates by 7.6% in Q4, selling 6,715 shares and ending the period with 81,102 shares (about 0.11% of the company) worth roughly $14.8 million.
• Jack Henry beat quarterly estimates and set FY2026 guidance, reporting $1.72 EPS vs. $1.43 expected and $611.18M revenue, while raising its quarterly dividend to $0.61 (annualized $2.44, ~1.6% yield) and guiding FY2026 EPS to $6.610–6.720.
• Institutional ownership is very high (98.75%) and analysts on average rate the stock a "Moderate Buy" with an average target of about $200.15, after several firms raised price targets and adjusted ratings.

Teacher Retirement System of Texas lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,102 shares of the technology company's stock after selling 6,715 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of Jack Henry & Associates worth $14,799,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JKHY. Van ECK Associates Corp grew its position in shares of Jack Henry & Associates by 1,911.3% during the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company's stock worth $165,555,000 after purchasing an additional 1,056,362 shares in the last quarter. UBS Group AG grew its position in shares of Jack Henry & Associates by 75.7% during the third quarter. UBS Group AG now owns 847,002 shares of the technology company's stock worth $126,144,000 after purchasing an additional 364,878 shares in the last quarter. Caisse de depot et placement du Quebec grew its position in shares of Jack Henry & Associates by 880.6% during the third quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company's stock worth $47,374,000 after purchasing an additional 285,656 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 55.3% during the third quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company's stock worth $100,609,000 after purchasing an additional 240,548 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Jack Henry & Associates by 58.5% during the third quarter. First Trust Advisors LP now owns 472,084 shares of the technology company's stock worth $70,307,000 after purchasing an additional 174,321 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on JKHY. Weiss Ratings cut Jack Henry & Associates from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. UBS Group increased their target price on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. Morgan Stanley raised their price target on Jack Henry & Associates from $168.00 to $183.00 and gave the company an "equal weight" rating in a report on Thursday, February 5th. Loop Capital started coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They set a "buy" rating and a $197.00 price target for the company. Finally, Stephens upgraded Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and set a $205.00 price target for the company in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $200.15.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $151.21 on Friday. The stock has a market capitalization of $10.91 billion, a PE ratio of 21.73, a P/E/G ratio of 2.26 and a beta of 0.72. The business has a 50 day simple moving average of $159.64 and a two-hundred day simple moving average of $167.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.29. The business had revenue of $611.18 million during the quarter, compared to analysts' expectations of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, research analysts predict that Jack Henry & Associates, Inc. will post 6.67 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.61 per share. The ex-dividend date was Thursday, March 5th. This represents a $2.44 annualized dividend and a yield of 1.6%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.58. Jack Henry & Associates's dividend payout ratio (DPR) is 35.06%.

About Jack Henry & Associates

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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