Icon Wealth Advisors LLC Has $134,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Icon Wealth Advisors LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 32.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 757 shares of the technology company’s stock after selling 358 shares during the period. Icon Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $134,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board raised its stake in Jack Henry & Associates by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 3,195 shares of the technology company’s stock worth $564,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jack Henry & Associates by 44.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,368 shares of the technology company’s stock worth $4,832,000 after acquiring an additional 8,412 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $319,000. Glenmede Trust Co. NA lifted its stake in shares of Jack Henry & Associates by 5.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,188 shares of the technology company’s stock valued at $563,000 after purchasing an additional 174 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of Jack Henry & Associates by 9.9% during the 3rd quarter. Bridgewater Associates LP now owns 20,170 shares of the technology company’s stock valued at $3,561,000 after purchasing an additional 1,816 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $188.73.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred on 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. The trade was a 11.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Price Performance

JKHY stock opened at $176.18 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day simple moving average of $179.07 and a two-hundred day simple moving average of $171.49. The company has a market capitalization of $12.85 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $154.77 and a 52-week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. Research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.25%. Jack Henry & Associates’s payout ratio is 40.29%.

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.