Thurston Springer Miller Herd & Titak Inc. Purchases 1,980 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Jack Henry & Associates by 15.9%, acquiring an additional 1,980 shares, bringing its total to 14,453 shares valued at approximately $2.6 million.
• Jack Henry & Associates reported a quarterly earnings per share of $1.75, exceeding analysts' estimates, with a year-over-year revenue growth of 9.9%.
• The company has a dividend payment of $0.58 scheduled for September 26, representing an annualized yield of 1.4%.

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,453 shares of the technology company's stock after purchasing an additional 1,980 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Jack Henry & Associates were worth $2,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $38,000. Assetmark Inc. increased its position in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the period. National Pension Service increased its position in shares of Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after purchasing an additional 115 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $59,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $160.12 on Friday. The firm has a market cap of $11.67 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.88 and a beta of 0.79. The business's fifty day moving average is $168.22 and its two-hundred day moving average is $174.33. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JKHY shares. Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research report on Thursday, August 21st. Finally, UBS Group lowered their price target on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and an average target price of $182.33.

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.

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