US Bancorp DE Has $3.35 Million Stock Holdings in Jack Henry & Associates, Inc. $JKHY

US Bancorp DE lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,504 shares of the technology company’s stock after selling 4,551 shares during the quarter. US Bancorp DE’s holdings in Jack Henry & Associates were worth $3,352,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Jack Henry & Associates during the second quarter worth approximately $115,471,000. Artisan Partners Limited Partnership bought a new position in Jack Henry & Associates during the 2nd quarter worth $74,302,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 22.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after acquiring an additional 301,600 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 675,529 shares of the technology company’s stock worth $100,609,000 after purchasing an additional 240,548 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth $33,853,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Up 2.8%

Shares of NASDAQ:JKHY opened at $168.75 on Wednesday. The firm has a market cap of $12.18 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.50 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 business has a fifty day simple moving average of $176.04 and a 200 day simple moving average of $167.53. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The firm had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. 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 year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be issued a $0.61 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. UBS Group upped their target price on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. DA Davidson reissued a “buy” rating and set a $216.00 price target on shares of Jack Henry & Associates in a report on Wednesday, February 4th. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $185.00 to $210.00 in a research note on Tuesday, December 16th. Finally, Wolfe Research set a $220.00 target price on shares of Jack Henry & Associates and gave the stock an “outperform” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.42.

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.