18,221 Shares of Jack Henry & Associates, Inc. $JKHY Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 18,221 shares of the technology company’s stock, valued at approximately $2,610,000.

A number of other hedge funds also recently modified their holdings of JKHY. Essential Partners LLC lifted its holdings in shares of Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares in the last quarter. Root Financial Partners LLC bought a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $63,000. Mather Group LLC. increased its stake in 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 purchasing an additional 175 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in 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 buying an additional 128 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Key Headlines Impacting Jack Henry & Associates

Here are the key news stories impacting Jack Henry & Associates this week:

  • Positive Sentiment: Jack Henry beat fiscal first-quarter earnings expectations, reporting $2.28 per share versus $2.07 anticipated. Growth in cloud and payments helped lift revenue 8.8% year over year, and the company raised its fiscal 2027 GAAP EPS outlook to $7.47–$7.51. Revenue was slightly below consensus, however. Zacks earnings and growth article Fiscal 2027 outlook article
  • Positive Sentiment: Several firms raised their price targets while maintaining or assigning positive ratings: Barclays to $190 (overweight), RBC to $195 (outperform), and Keefe, Bruyette & Woods to $215 (outperform). UBS also lifted its target to $185, while keeping a neutral rating. The revisions signal improved analyst expectations, though targets are not guarantees. Barclays forecast RBC target revision KBW target revision
  • Neutral Sentiment: CFO Mimi Carsley is scheduled to present at Citi’s FinTech Conference on November 10. The event may provide investors with updates, but the announcement itself does not indicate a change to the company’s outlook. Conference announcement
  • Negative Sentiment: Morgan Stanley said Jack Henry needs to demonstrate clearer upside to its growth targets, highlighting execution and growth visibility as potential investor concerns. Morgan Stanley growth-target assessment

Jack Henry & Associates Stock Down 3.9%

JKHY stock opened at $173.23 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.50 and a quick ratio of 1.17. The stock has a market capitalization of $12.15 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.10 and a beta of 0.55. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The business has a 50-day moving average of $156.97 and a 200-day moving average of $154.41.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.21. The business had revenue of $682.18 million for the quarter, compared to analyst estimates of $685.54 million. Jack Henry & Associates had a return on equity of 24.46% and a net margin of 19.96%. Jack Henry & Associates’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 7.40 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 33.52%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler raised 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 research note on Friday, October 9th. Barclays increased their price objective on shares of Jack Henry & Associates from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday. Wolfe Research raised their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Bank of America began coverage on shares of Jack Henry & Associates in a report on Thursday, October 15th. They set a “neutral” rating and a $165.00 price objective on the stock. Finally, KeyCorp assumed coverage on shares of Jack Henry & Associates in a research report on Monday, September 14th. They issued an “overweight” rating and a $190.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $193.18.

Get Our Latest Report on JKHY

About Jack Henry & Associates

(Free Report)

Jack Henry & Associates, Inc is a financial technology company that provides software and services to banks and credit unions. Founded in 1976 and headquartered in Monett, Missouri, the company focuses on helping financial institutions manage operations and serve customers.

Its offerings include core banking systems, digital banking platforms, payment processing, lending solutions, and tools for managing fraud, risk, and information security. Jack Henry also provides data, hosting, and related technology services.

The company serves financial institutions across the United States, including community and regional banks and credit unions.

See Also

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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