Thurston Springer Miller Herd & Titak Inc. Decreases Stock Position in Jack Henry & Associates, Inc. $JKHY

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 91.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Jack Henry & Associates by 11.3% in the 2nd quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock worth $121,000 after buying an additional 68 shares during the period. Advisory Services Network LLC increased its holdings in Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after buying an additional 69 shares in the last quarter. Private Trust Co. NA raised its holdings in Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the period. Phillips Wealth Planners LLC lifted 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 buying an additional 73 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Jack Henry & Associates by 6.3% during the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock worth $228,000 after purchasing an additional 75 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.4%

Shares of JKHY stock opened at $186.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The business’s fifty day moving average price is $164.94 and its 200 day moving average price is $167.15. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The firm has a market capitalization of $13.53 billion, a PE 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, topping the consensus estimate 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 quarter in the previous year, the company posted $1.63 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent research reports. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $170.00 to $215.00 in a research note on Monday, December 8th. UBS Group decreased their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a research report on Thursday, November 20th. Finally, DA Davidson decreased their price target on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.44.

Insiders Place Their Bets

In related news, Director David B. Foss sold 20,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $174.92, for a total value 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 trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

About Jack Henry & Associates

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.