Curi RMB Capital LLC Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Curi RMB Capital LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,023 shares of the technology company's stock after selling 10,981 shares during the period. Curi RMB Capital LLC owned 0.18% of Jack Henry & Associates worth $23,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after purchasing an additional 643,697 shares in the last quarter. Invesco Ltd. raised its stake in shares of Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after buying an additional 279,628 shares during the last quarter. Finally, Norges Bank purchased a new position in Jack Henry & Associates in the 4th quarter worth about $48,834,000. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JKHY. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. Finally, Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $186.45.

Jack Henry & Associates Price Performance

Shares of JKHY traded down $0.24 during trading hours on Thursday, reaching $172.97. 211,773 shares of the stock traded hands, compared to its average volume of 644,597. The company has a market cap of $12.61 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $174.69 and its two-hundred day moving average price is $175.92. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.83% and a return on equity of 21.55%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.