Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,489 shares of the technology company’s stock after purchasing an additional 714 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Jack Henry & Associates were worth $1,145,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Willis Investment Counsel boosted its holdings in shares of Jack Henry & Associates by 3.9% in the 3rd quarter. Willis Investment Counsel now owns 3,582 shares of the technology company’s stock valued at $632,000 after buying an additional 135 shares during the period. Exchange Traded Concepts LLC bought a new position in Jack Henry & Associates in the third quarter worth about $68,000. Ritholtz Wealth Management boosted its position in Jack Henry & Associates by 5.2% during the 3rd quarter. Ritholtz Wealth Management now owns 2,612 shares of the technology company’s stock valued at $461,000 after purchasing an additional 129 shares during the period. Guinness Asset Management LTD increased its position in Jack Henry & Associates by 6.6% in the third quarter. Guinness Asset Management LTD now owns 2,776 shares of the technology company’s stock worth $490,000 after buying an additional 173 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Jack Henry & Associates by 600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 700 shares of the technology company’s stock valued at $124,000 after acquiring an additional 600 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $183.38 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a 50 day simple moving average of $172.56 and a 200-day simple moving average of $168.58. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $184.82.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The firm had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter last year, the firm earned $1.34 earnings per share. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of analyst reports. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $184.00.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.