Thurston Springer Miller Herd & Titak Inc. Purchases 2,575 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thurston Springer Miller Herd & Titak Inc. grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,473 shares of the technology company's stock after buying an additional 2,575 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Jack Henry & Associates were worth $2,277,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JKHY. Portside Wealth Group LLC increased its stake in shares of Jack Henry & Associates by 7.0% in the first quarter. Portside Wealth Group LLC now owns 1,466 shares of the technology company's stock worth $257,000 after acquiring an additional 96 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $333,000. Heritage Family Offices LLP lifted its holdings in shares of Jack Henry & Associates by 5.7% during the 1st quarter. Heritage Family Offices LLP now owns 2,238 shares of the technology company's stock valued at $409,000 after buying an additional 120 shares during the last quarter. Fulton Bank N.A. bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at approximately $343,000. Finally, Mitchell & Pahl Private Wealth LLC raised its position in Jack Henry & Associates by 12.7% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 5,305 shares of the technology company's stock valued at $969,000 after acquiring an additional 598 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Stock Performance

Shares of JKHY traded up $0.83 on Friday, reaching $181.84. 277,436 shares of the stock traded hands, compared to its average volume of 569,057. The stock's 50-day moving average price is $176.34 and its 200-day moving average price is $175.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the previous year, the company earned $1.19 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

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.