Thurston Springer Miller Herd & Titak Inc. Has $1.74 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 52.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,898 shares of the technology company's stock after buying an additional 3,409 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Jack Henry & Associates were worth $1,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its holdings in Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock worth $277,000 after acquiring an additional 54 shares during the period. Bridges Investment Management Inc. boosted its holdings in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. grew its position in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Jack Henry & Associates by 0.6% in the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company's stock worth $1,919,000 after purchasing an additional 66 shares during the period. Finally, Townsquare Capital LLC lifted its position in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock worth $1,695,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JKHY. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday. They issued an "underweight" rating and a $155.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price target for the company. Finally, Stephens restated an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $185.91.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $0.40 on Wednesday, reaching $171.97. The company's stock had a trading volume of 696,976 shares, compared to its average volume of 590,753. The firm has a market cap of $12.55 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. The business has a 50-day moving average price of $174.88 and a 200 day moving average price of $173.81.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates's payout ratio is presently 40.29%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.