Thurston Springer Miller Herd & Titak Inc. Purchases 3,409 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 52.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Park Avenue Securities LLC lifted its stake in shares of Jack Henry & Associates by 17.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,668 shares of the technology company’s stock worth $818,000 after purchasing an additional 684 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth $649,000. Floyd Financial Group LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth $217,000. SeaCrest Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 10.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,282 shares of the technology company’s stock worth $225,000 after purchasing an additional 118 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its stake in shares of Jack Henry & Associates by 4.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company’s stock worth $380,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $172.37 on Wednesday. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average price is $175.05 and its 200 day moving average price is $173.82.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JKHY shares. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday. They issued an “underweight” rating and a $155.00 price target for the company. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. UBS Group increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating 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. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average price target of $185.91.

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.