New York State Teachers Retirement System Purchases 7,122 Shares of Jack Henry & Associates, Inc. $JKHY

New York State Teachers Retirement System increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.1% in the third quarter, Holdings Channel.com reports. The firm owned 71,178 shares of the technology company’s stock after purchasing an additional 7,122 shares during the quarter. New York State Teachers Retirement System’s holdings in Jack Henry & Associates were worth $10,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Vanguard Group Inc. lifted its stake in Jack Henry & Associates by 0.5% in the second quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock worth $1,593,294,000 after purchasing an additional 43,974 shares during the last quarter. State Street Corp raised its holdings in shares of Jack Henry & Associates by 2.6% in the second quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock worth $721,788,000 after buying an additional 102,534 shares during the period. Geode Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock worth $376,816,000 after acquiring an additional 61,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Jack Henry & Associates by 22.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after acquiring an additional 301,600 shares during the period. Finally, Invesco Ltd. boosted its holdings in Jack Henry & Associates by 0.8% during the 2nd quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock valued at $296,409,000 after acquiring an additional 13,745 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JKHY. Robert W. Baird increased their target price on Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a research note on Thursday, November 20th. Wells Fargo & Company boosted their price objective on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Finally, DA Davidson decreased their price target on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average price target of $195.40.

Jack Henry & Associates Stock Up 2.2%

NASDAQ:JKHY opened at $192.60 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The company has a 50-day moving average of $178.54 and a 200 day moving average of $168.06. The firm has a market cap of $13.94 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.26 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The business had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

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.