Curi RMB Capital LLC Sells 1,153 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Curi RMB Capital LLC cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 145,004 shares of the technology company’s stock after selling 1,153 shares during the period. Curi RMB Capital LLC’s holdings in Jack Henry & Associates were worth $25,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Empowered Funds LLC purchased a new position in Jack Henry & Associates during the 1st quarter valued at about $838,000. Russell Investments Group Ltd. grew its stake in shares of Jack Henry & Associates by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 46,872 shares of the technology company’s stock worth $8,138,000 after buying an additional 391 shares during the last quarter. Bleakley Financial Group LLC increased its position in Jack Henry & Associates by 7.3% during the 1st quarter. Bleakley Financial Group LLC now owns 5,775 shares of the technology company’s stock valued at $1,003,000 after buying an additional 395 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Jack Henry & Associates by 8.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,174 shares of the technology company’s stock worth $1,073,000 after acquiring an additional 476 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Jack Henry & Associates in the first quarter worth $206,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JKHY shares. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. UBS Group increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $174.95 on Thursday. The company has a market capitalization of $12.76 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.34 and a beta of 0.63. The business’s 50-day moving average is $179.40 and its 200 day moving average is $170.87. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $151.05 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Jack Henry & Associates Company Profile

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.