Thurston Springer Miller Herd & Titak Inc. Sells 13,212 Shares of Jack Henry & Associates, Inc. $JKHY

Thurston Springer Miller Herd & Titak Inc. lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 91.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,241 shares of the technology company’s stock after selling 13,212 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Jack Henry & Associates were worth $185,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JKHY. Blue Trust Inc. lifted its holdings in shares of Jack Henry & Associates by 11.3% in the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after purchasing an additional 68 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the last quarter. Private Trust Co. NA raised its position in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the period. Phillips Wealth Planners LLC grew its position in shares of Jack Henry & Associates by 4.7% during the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock valued at $290,000 after acquiring an additional 73 shares during the period. Finally, CX Institutional grew its holdings in Jack Henry & Associates by 6.3% during the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $186.91 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $164.94 and its two-hundred day simple moving average is $167.15. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 3.24 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The business had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. During the same period in the previous year, the company posted $1.63 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JKHY shares. DA Davidson cut their price target on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $185.00 to $210.00 in a research report on Tuesday. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their target price for the company from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Robert W. Baird increased their target price on Jack Henry & Associates from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.44.

Insider Activity at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director directly owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

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.