Jack Henry & Associates, Inc. $JKHY Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 768.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,098 shares of the technology company’s stock after acquiring an additional 85,923 shares during the period. M&T Bank Corp owned about 0.13% of Jack Henry & Associates worth $17,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Modera Wealth Management LLC acquired a new stake in Jack Henry & Associates during the third quarter valued at $3,298,000. Teacher Retirement System of Texas grew its position in Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after buying an additional 76,746 shares during the period. Bayforest Capital Ltd acquired a new stake in Jack Henry & Associates during the third quarter valued at $998,000. Bank of New York Mellon Corp grew its position in Jack Henry & Associates by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock valued at $106,150,000 after buying an additional 32,468 shares during the period. Finally, Pensionfund Sabic acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $1,204,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on JKHY shares. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Thursday, February 5th. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Loop Capital assumed coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective on the stock. Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and an average price target of $200.15.

Jack Henry & Associates Stock Down 3.4%

Shares of NASDAQ JKHY opened at $150.60 on Friday. The company’s 50-day simple moving average is $159.75 and its 200-day simple moving average is $167.96. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $193.39. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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. The firm had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 6.67 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Thursday, March 5th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, March 5th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 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.