VELA Investment Management LLC Invests $2.55 Million in Jack Henry & Associates, Inc. $JKHY

Key Points

• VELA Investment Management LLC opened a new position in Jack Henry & Associates, buying 13,988 shares worth approximately $2.55 million in the fourth quarter.
• Multiple analysts have recently upgraded JKHY, leaving MarketBeat with an average rating of "Moderate Buy" and an average target price of about $198.77.
• Jack Henry beat quarterly estimates (EPS $1.72 vs. $1.43), set FY2026 guidance of 6.610–6.720 EPS, and raised its quarterly dividend to $0.61 (annualized $2.44, ~1.6% yield).

VELA Investment Management LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,988 shares of the technology company's stock, valued at approximately $2,553,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Caitong International Asset Management Co. Ltd boosted its stake in shares of Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company's stock worth $30,000 after acquiring an additional 195 shares during the period. Quent Capital LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $35,000. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $39,000. Finally, United Community Bank bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $41,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stephens upgraded Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. Wells Fargo & Company upgraded Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $181.00 to $196.00 in a research note on Tuesday, February 17th. Loop Capital assumed coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They set a "buy" rating and a $197.00 target price for the company. DA Davidson reduced their target price on Jack Henry & Associates from $216.00 to $198.00 and set a "buy" rating for the company in a research note on Friday. Finally, Robert W. Baird upgraded Jack Henry & Associates from a "neutral" rating to an "outperform" rating and set a $205.00 target price for the company in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of "Moderate Buy" and an average target price of $198.77.

Jack Henry & Associates Stock Performance

JKHY opened at $154.03 on Friday. The business has a fifty day simple moving average of $159.16 and a 200 day simple moving average of $168.17. The company has a market capitalization of $11.12 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.30 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $193.39. 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 (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) 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 the consensus estimate 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 6.69 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

Jack Henry & Associates Company Profile

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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