ICW Investment Advisors LLC Sells 189 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ICW Investment Advisors LLC trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,868 shares of the technology company’s stock after selling 189 shares during the quarter. ICW Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Jack Henry & Associates by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after purchasing an additional 39,456 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Jack Henry & Associates by 1.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after acquiring an additional 24,910 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Jack Henry & Associates by 32.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after acquiring an additional 171,477 shares during the last quarter. TD Asset Management Inc lifted its position in Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after acquiring an additional 139,582 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Jack Henry & Associates by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 621,225 shares of the technology company’s stock valued at $107,925,000 after purchasing an additional 25,914 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $1.68 during trading on Friday, reaching $171.53. 17,955 shares of the stock traded hands, compared to its average volume of 437,299. The company has a 50-day moving average of $167.24 and a 200-day moving average of $167.76. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The stock has a market capitalization of $12.50 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 3.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same quarter last year, the business earned $1.34 earnings per share. Analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates’s payout ratio is 42.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday. They set a “neutral” rating and a $186.00 price objective on the stock. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Evercore ISI increased their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.25.

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.