VELA Investment Management LLC Takes Position in Jack Henry & Associates, Inc. $JKHY

VELA Investment Management LLC bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,988 shares of the technology company’s stock, valued at approximately $2,553,000.

A number of other institutional investors have also recently modified their holdings of JKHY. Caitong International Asset Management Co. Ltd lifted its position in shares of Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares during the period. Quent Capital LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. MUFG Securities EMEA plc bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $39,000. Finally, United Community Bank bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $41,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DA Davidson cut their target price on Jack Henry & Associates from $216.00 to $198.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Loop Capital assumed coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 target price for the company. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, 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 report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average target price of $198.77.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $154.03 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $193.39. The business has a 50-day simple moving average of $159.16 and a two-hundred day simple moving average of $168.17. 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 stock has a market cap of $11.12 billion, a PE ratio of 22.13, a PEG ratio of 2.30 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its 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 business had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. During the same quarter in the prior year, the firm earned $1.34 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Jack Henry & Associates, Inc. will post 6.69 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were paid a $0.61 dividend. The ex-dividend date of this dividend was 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 dividend yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 35.06%.

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.