Icon Wealth Advisors LLC Acquires 4,399 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Icon Wealth Advisors LLC increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 394.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,514 shares of the technology company's stock after purchasing an additional 4,399 shares during the period. Icon Wealth Advisors LLC's holdings in Jack Henry & Associates were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JKHY. V Square Quantitative Management LLC increased its holdings in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock worth $277,000 after purchasing an additional 54 shares during the period. Bridges Investment Management Inc. grew its position in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock worth $575,000 after buying an additional 55 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company's stock valued at $798,000 after acquiring an additional 60 shares in the last quarter. Advisor OS LLC lifted its position in shares of Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company's stock worth $1,100,000 after acquiring an additional 65 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Jack Henry & Associates by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company's stock worth $1,919,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

JKHY stock remained flat at $172.50 during midday trading on Friday. The company had a trading volume of 558,994 shares, compared to its average volume of 620,427. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.59 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The business has a fifty day moving average of $179.20 and a 200-day moving average of $171.23. Jack Henry & Associates, Inc. has a 12-month low of $151.93 and a 12-month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. During the same period in the previous year, the business posted $1.39 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JKHY. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $188.73.

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.