ICW Investment Advisors LLC Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ICW Investment Advisors LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,162 shares of the technology company’s stock after purchasing an additional 142 shares during the period. ICW Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Pathstone Holdings LLC grew its position in shares of Jack Henry & Associates by 3.7% in the third quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock valued at $3,354,000 after purchasing an additional 669 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Jack Henry & Associates during the third quarter valued at about $618,000. PNC Financial Services Group Inc. grew its position in Jack Henry & Associates by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after acquiring an additional 453 shares during the period. Charles Schwab Investment Management Inc. grew its position in Jack Henry & Associates by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after acquiring an additional 2,324 shares during the period. Finally, Raymond James Trust N.A. grew its position in Jack Henry & Associates by 7.1% during the third quarter. Raymond James Trust N.A. now owns 5,146 shares of the technology company’s stock valued at $908,000 after acquiring an additional 342 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 1.3 %

NASDAQ:JKHY opened at $173.05 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The business’s 50-day simple moving average is $174.22 and its 200 day simple moving average is $176.19. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. Jack Henry & Associates’s payout ratio is 41.88%.

Analyst Ratings Changes

A number of research firms have issued reports on JKHY. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.80.

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.