Thurston Springer Miller Herd & Titak Inc. Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thurston Springer Miller Herd & Titak Inc. grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 52.5% in the fourth quarter, according to its most recent Form 13F 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at $618,000. Nordea Investment Management AB grew its stake in shares of Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Jack Henry & Associates by 137.3% in the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after buying an additional 4,491 shares in the last quarter. Finally, Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $1,315,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.5 %

Jack Henry & Associates stock opened at $172.37 on Wednesday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. 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 company has a market capitalization of $12.58 billion, a P/E ratio of 31.57, a PEG ratio of 3.39 and a beta of 0.61. The stock has a 50-day simple moving average of $175.05 and a 200-day simple moving average of $173.82.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the business earned $1.39 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 earnings per share 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 paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Wall Street Analyst Weigh In

Several research firms recently commented on JKHY. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday. They set an “underweight” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Robert W. Baird boosted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $185.91.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

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.