ICICI Prudential Asset Management Co Ltd Invests $3.19 Million in Jack Henry & Associates, Inc. $JKHY

ICICI Prudential Asset Management Co Ltd bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, HoldingsChannel.com reports. The firm bought 21,413 shares of the technology company’s stock, valued at approximately $3,189,000.

Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at approximately $27,000. Quent Capital LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. Private Trust Co. NA grew its position in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the company an “outperform” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $181.00 to $196.00 in a research report on Tuesday. The Goldman Sachs Group raised their price target on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates Trading Up 1.5%

JKHY opened at $161.14 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a fifty day moving average of $180.15 and a 200-day moving average of $167.61. The stock has a market cap of $11.63 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be paid a dividend of $0.61 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 5th. Jack Henry & Associates’s payout ratio is 33.33%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

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.