Public Employees Retirement System of Ohio Takes Position in Jack Henry & Associates, Inc. $JKHY

Public Employees Retirement System of Ohio purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,268 shares of the technology company’s stock, valued at approximately $3,067,000.

Several other large investors also recently added to or reduced their stakes in the business. American Capital Management Inc. bought a new stake in Jack Henry & Associates during the second quarter valued at $13,764,000. Dearborn Partners LLC bought a new position in Jack Henry & Associates in the 2nd quarter worth about $14,552,000. Danske Bank A S purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $124,000. Summit Creek Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $296,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $276,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 1.6%

Shares of JKHY opened at $165.64 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.74. The stock has a 50 day simple moving average of $155.39 and a two-hundred day simple moving average of $151.16. The firm has a market cap of $11.61 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.89 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, analysts forecast that Jack Henry & Associates, Inc. will post 7.41 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on JKHY shares. Oppenheimer boosted their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. The Goldman Sachs Group upped their target price on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Finally, Stephens restated an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.40.

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.