Van ECK Associates Corp Has $165.56 Million Holdings in Jack Henry & Associates, Inc. $JKHY

Van ECK Associates Corp raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,911.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,111,632 shares of the technology company’s stock after acquiring an additional 1,056,362 shares during the period. Van ECK Associates Corp’s holdings in Jack Henry & Associates were worth $165,555,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JKHY. FourThought Financial Partners LLC acquired a new position in Jack Henry & Associates in the third quarter valued at about $358,000. Bank of Montreal Can grew its holdings in Jack Henry & Associates by 21.0% during the third quarter. Bank of Montreal Can now owns 165,453 shares of the technology company’s stock valued at $24,641,000 after purchasing an additional 28,738 shares during the period. Legal & General Group Plc increased its stake in Jack Henry & Associates by 1.2% in the third quarter. Legal & General Group Plc now owns 455,322 shares of the technology company’s stock valued at $67,811,000 after purchasing an additional 5,455 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Jack Henry & Associates in the third quarter worth $620,000. Finally, Dundas Partners LLP raised its holdings in Jack Henry & Associates by 23.8% in the third quarter. Dundas Partners LLP now owns 3,591 shares of the technology company’s stock worth $535,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of several research analyst reports. Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $181.00 to $196.00 in a report on Tuesday, February 17th. Morgan Stanley lifted their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.42.

Jack Henry & Associates Stock Down 0.3%

NASDAQ:JKHY opened at $171.02 on Wednesday. The stock has a 50-day simple moving average of $174.49 and a 200 day simple moving average of $167.79. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39. The company has a market cap of $12.34 billion, a PE ratio of 24.57, a PEG ratio of 2.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million for the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter in the previous year, the business posted $1.34 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.06%.

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.