Sun Sep 15 11:15:10 UTC 2024: ## Daiwa Securities Group Increases Stake in Jack Henry & Associates

**New York, NY – September 15, 2024** – Daiwa Securities Group Inc. has increased its stake in financial technology company Jack Henry & Associates (NASDAQ: JKHY) by 10.2% during the second quarter, according to the firm’s latest 13F filing with the Securities and Exchange Commission. This follows a similar trend among several other large investors, who have also boosted their holdings in the company.

Daiwa now owns 7,922 shares of Jack Henry & Associates, valued at $1,315,000.

Other notable investors increasing their stakes include Vanguard Group Inc., CIBC Private Wealth Group LLC, Goldman Sachs Group Inc., TD Asset Management Inc., and Mitsubishi UFJ Asset Management Co. Ltd. These moves suggest a positive outlook on Jack Henry & Associates’ future performance. Institutional investors currently hold 98.75% of the company’s stock.

Equities research analysts have also expressed confidence in the company, with several analysts issuing buy ratings and price target increases. However, the overall consensus rating on the stock remains “Hold”, with an average price target of $177.25.

Jack Henry & Associates recently reported strong second-quarter earnings, exceeding analysts’ expectations. The company also announced a quarterly dividend of $0.55 per share, payable on September 27th.

Jack Henry & Associates is a leading provider of technology solutions and payment processing services for financial institutions. The company’s strong financial performance and positive analyst sentiment indicate continued growth potential in the financial technology sector.

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