Royal London Asset Management Ltd. Lowers Position in Jack Henry & Associates, Inc. $JKHY

Royal London Asset Management Ltd. trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,735 shares of the technology company’s stock after selling 4,103 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Jack Henry & Associates were worth $4,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Jack Henry & Associates by 1,918.2% in the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after purchasing an additional 1,243,526 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Norges Bank bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $128,744,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $87,669,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $167.91 on Tuesday. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a market capitalization of $11.93 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The firm has a 50 day moving average of $152.35 and a 200 day moving average of $150.89. The company has a quick ratio of 1.74, a current ratio of 1.38 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $631.60 million. During the same period in the prior year, the firm posted $1.75 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Oppenheimer boosted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Royal Bank Of Canada increased their target price on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group raised their price target on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.40.

Jack Henry & Associates 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.