Delta Global Management LP Invests $2.34 Million in Jack Henry & Associates, Inc. $JKHY

Delta Global Management LP purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, HoldingsChannel reports. The firm purchased 15,713 shares of the technology company’s stock, valued at approximately $2,340,000.

Several other institutional investors also recently bought and sold shares of JKHY. Integrated Wealth Concepts LLC lifted its stake in shares of Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after buying an additional 367 shares in the last quarter. Empowered Funds LLC increased its position in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after acquiring an additional 584 shares in the last quarter. Woodline Partners LP increased its position in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after acquiring an additional 1,778 shares in the last quarter. Jane Street Group LLC purchased a new position in Jack Henry & Associates in the 1st quarter worth approximately $9,430,000. Finally, Focus Partners Wealth raised its holdings in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after acquiring an additional 182 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on JKHY shares. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. UBS Group boosted their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective for the company in a report on Thursday, November 20th. Finally, Keefe, Bruyette & Woods raised 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 research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.42.

Jack Henry & Associates Trading Down 0.8%

NASDAQ:JKHY opened at $167.35 on Tuesday. The company has a 50 day simple moving average of $173.38 and a two-hundred day simple moving average of $167.93. The company has a market cap of $12.08 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.72. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $608.46 million. During the same period last year, the business posted $1.34 EPS. The company’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. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

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