First Trust Advisors LP Purchases 174,321 Shares of Jack Henry & Associates, Inc. $JKHY

First Trust Advisors LP grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 58.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,084 shares of the technology company’s stock after purchasing an additional 174,321 shares during the period. First Trust Advisors LP owned about 0.65% of Jack Henry & Associates worth $70,307,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Jack Henry & Associates by 0.5% during 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 increased its stake in Jack Henry & Associates by 2.6% in the 2nd quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock valued at $721,788,000 after buying an additional 102,534 shares during the last quarter. Geode Capital Management LLC lifted its position 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 buying an additional 61,292 shares in the last quarter. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 0.8% during the 2nd quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock worth $296,409,000 after buying an additional 13,745 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Jack Henry & Associates by 11.2% in the 2nd quarter. Mackenzie Financial Corp now owns 926,887 shares of the technology company’s stock worth $166,997,000 after buying an additional 93,432 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $171.02 on Wednesday. The company has a market cap of $12.34 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $193.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $174.49 and its two-hundred day simple moving average is $167.79.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping 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 firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. During the same quarter last year, the company earned $1.34 earnings per share. The company’s revenue 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. Research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be issued a $0.61 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 annualized dividend and a yield of 1.4%. Jack Henry & Associates’s payout ratio is 35.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JKHY shares. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. DA Davidson reissued a “buy” rating and issued a $216.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. UBS Group upped their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Morgan Stanley raised their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates 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.