Grantham Mayo Van Otterloo & Co. LLC Raises Stock Position in Jack Henry & Associates, Inc. $JKHY

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 47.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277,632 shares of the technology company’s stock after purchasing an additional 89,739 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.38% of Jack Henry & Associates worth $41,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $115,471,000. Artisan Partners Limited Partnership purchased a new stake in shares of Jack Henry & Associates in the second quarter worth about $74,302,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after buying an additional 301,600 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Jack Henry & Associates by 55.3% during the third quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock worth $100,609,000 after acquiring an additional 240,548 shares during the period. Finally, First Trust Advisors LP grew its holdings in Jack Henry & Associates by 58.5% during the third quarter. First Trust Advisors LP now owns 472,084 shares of the technology company’s stock worth $70,307,000 after acquiring an additional 174,321 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stephens raised 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. Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $185.00 to $210.00 in a research note on Tuesday, December 16th. Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus target price of $200.42.

Jack Henry & Associates Stock Up 2.9%

Shares of JKHY opened at $171.83 on Friday. The firm has a market cap of $12.40 billion, a P/E ratio of 24.69, a PEG ratio of 2.61 and a beta of 0.72. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The stock’s 50 day moving average is $175.06 and its two-hundred day moving average is $167.66. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $608.46 million. During the same period in the prior year, the company posted $1.34 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is 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 yield of 1.4%. Jack Henry & Associates’s payout ratio is 35.06%.

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.