Jack Henry & Associates, Inc. $JKHY Position Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 35.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 119,214 shares of the technology company’s stock after selling 65,192 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jack Henry & Associates were worth $21,754,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JKHY. M&T Bank Corp grew its position in shares of Jack Henry & Associates by 14.2% during the 4th quarter. M&T Bank Corp now owns 12,761 shares of the technology company’s stock valued at $2,328,000 after buying an additional 1,586 shares during the last quarter. Comerica Bank boosted its stake in Jack Henry & Associates by 71.5% in the fourth quarter. Comerica Bank now owns 79,470 shares of the technology company’s stock valued at $14,502,000 after acquiring an additional 33,145 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at approximately $220,000. D.A. Davidson & CO. raised its position in shares of Jack Henry & Associates by 22.4% during the 4th quarter. D.A. Davidson & CO. now owns 3,759 shares of the technology company’s stock worth $686,000 after purchasing an additional 687 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Jack Henry & Associates by 31.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,096 shares of the technology company’s stock worth $1,112,000 after purchasing an additional 1,444 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent research reports. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Thursday, February 5th. UBS Group upped their price target on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wolfe Research set a $220.00 price objective on shares of Jack Henry & Associates and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $216.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.15.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $153.75 on Friday. The business’s fifty day moving average price is $159.16 and its two-hundred day moving average price is $168.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $11.10 billion, a P/E ratio of 22.09, a PEG ratio of 2.31 and a beta of 0.72. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year 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 the consensus estimate of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 6.67 EPS for the current year.

Jack Henry & Associates Increases Dividend

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