ICW Investment Advisors LLC Purchases 105 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ICW Investment Advisors LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,486 shares of the technology company’s stock after acquiring an additional 105 shares during the quarter. ICW Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $1,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Jack Henry & Associates by 1,587.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock valued at $56,706,000 after acquiring an additional 326,448 shares during the period. Envestnet Asset Management Inc. lifted its stake in Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after acquiring an additional 181,811 shares during the period. Invesco Ltd. lifted its stake in Jack Henry & Associates by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after acquiring an additional 147,143 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Jack Henry & Associates by 66.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock valued at $58,308,000 after acquiring an additional 142,878 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Jack Henry & Associates by 4,881.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 127,730 shares of the technology company’s stock valued at $19,305,000 after acquiring an additional 125,166 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $0.51 during midday trading on Wednesday, hitting $163.20. The stock had a trading volume of 107,435 shares, compared to its average volume of 420,845. The firm’s fifty day moving average is $170.17 and its two-hundred day moving average is $163.62. The company has a market capitalization of $11.89 billion, a PE ratio of 31.84, a P/E/G ratio of 3.89 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

Analysts Set New Price Targets

Several equities analysts have issued reports on JKHY shares. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Citigroup initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI increased their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.