Total Wealth Planning & Management Inc. Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Key Points

• Total Wealth Planning & Management acquired 10,689 shares of Jack Henry & Associates in the third quarter, worth approximately $1.53 million. Institutional investors collectively own 98.75% of the company.
• Analyst sentiment is positive overall, with a consensus “Moderate Buy” rating and an average price target of $190, although targets range from $158 to $199.
• Jack Henry reported quarterly earnings of $1.57 per share, exceeding estimates of $1.44, while revenue rose 4.6% year over year to $633.1 million. The company also pays a quarterly dividend of $0.61 per share, yielding about 1.5% annually.

Total Wealth Planning & Management Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,689 shares of the technology company's stock, valued at approximately $1,531,000. Jack Henry & Associates comprises about 1.0% of Total Wealth Planning & Management Inc.'s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also recently added to or reduced their stakes in JKHY. Signaturefd LLC lifted its stake in shares of Jack Henry & Associates by 51.9% in the 3rd quarter. Signaturefd LLC now owns 3,350 shares of the technology company's stock valued at $480,000 after purchasing an additional 1,144 shares in the last quarter. Gibbs Wealth Management grew its stake in shares of Jack Henry & Associates by 5.1% during the third quarter. Gibbs Wealth Management now owns 3,976 shares of the technology company's stock valued at $570,000 after acquiring an additional 193 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Jack Henry & Associates by 189.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,819 shares of the technology company's stock valued at $690,000 after purchasing an additional 3,156 shares in the last quarter. Inspire Investing LLC boosted its stake in Jack Henry & Associates by 28.2% during the 3rd quarter. Inspire Investing LLC now owns 31,670 shares of the technology company's stock valued at $4,536,000 after acquiring an additional 6,975 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in Jack Henry & Associates in the third quarter worth about $34,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JKHY shares. Morgan Stanley dropped their price objective on shares of Jack Henry & Associates from $170.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. Raymond James Financial lifted their price target on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, September 16th. Barclays boosted their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Seaport Research Partners began coverage on Jack Henry & Associates in a report on Monday, September 28th. They issued a "buy" rating and a $193.00 target price for the company. Finally, Bank of America started coverage on Jack Henry & Associates in a research report on Thursday, October 15th. They issued a "neutral" rating and a $165.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $190.00.

Jack Henry & Associates Stock Up 0.0%

Jack Henry & Associates stock opened at $162.62 on Monday. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $11.40 billion, a PE ratio of 23.33, a P/E/G ratio of 2.02 and a beta of 0.56. The firm's 50 day moving average price is $156.80 and its two-hundred day moving average price is $148.82.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate 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 business had revenue of $633.10 million for the quarter, compared to analysts' expectations of $631.60 million. During the same period in the previous year, the company posted $1.75 EPS. Jack Henry & Associates's revenue 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. On average, research analysts predict that Jack Henry & Associates, Inc. will post 7.29 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

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