Jack Henry & Associates, Inc. $JKHY Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 77.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,377 shares of the technology company’s stock after selling 11,329 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Jack Henry & Associates were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Essential Partners LLC grew its holdings in Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after acquiring an additional 236 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Jack Henry & Associates during the 1st quarter worth about $63,000. Mather Group LLC. lifted its holdings in shares of Jack Henry & Associates by 75.1% during the 3rd quarter. Mather Group LLC. now owns 408 shares of the technology company’s stock worth $58,000 after acquiring an additional 175 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Jack Henry & Associates by 42.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 433 shares of the technology company’s stock worth $68,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $162.35 on Tuesday. The stock’s 50-day moving average is $156.74 and its 200-day moving average is $155.45. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 7.29 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JKHY. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Raymond James Financial upped their price target on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $178.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, September 30th. Piper Sandler upgraded shares of Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Friday, October 9th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average price target of $190.00.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.