Curi RMB Capital LLC Sells 120,936 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Curi RMB Capital LLC significantly reduced its stake in Jack Henry & Associates by 90.2%, selling 120,936 shares and leaving them with 13,087 shares valued at approximately $2.39 million.
• Recent analyst reports have resulted in lowered price objectives for Jack Henry & Associates, with UBS Group decreasing their target from $185 to $175 and Royal Bank of Canada from $203 to $185, maintaining a "neutral" and "sector perform" rating, respectively.
• Jack Henry & Associates declared a quarterly dividend of $0.58 per share, reflecting an annualized yield of 1.4% and a payout ratio of 37.18%.

Curi RMB Capital LLC reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 90.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,087 shares of the technology company's stock after selling 120,936 shares during the period. Curi RMB Capital LLC's holdings in Jack Henry & Associates were worth $2,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Summit Securities Group LLC purchased a new position in shares of Jack Henry & Associates during the first quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates during the first quarter valued at approximately $38,000. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after buying an additional 149 shares in the last quarter. National Pension Service increased its stake in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after acquiring an additional 115 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the 4th quarter worth approximately $54,000. Institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Robert W. Baird lowered their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. Finally, Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and a consensus target price of $182.33.

Jack Henry & Associates Price Performance

JKHY stock traded up $2.32 during mid-day trading on Thursday, reaching $161.42. The company had a trading volume of 781,183 shares, compared to its average volume of 771,313. The company has a market capitalization of $11.76 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The firm has a 50 day moving average of $168.64 and a 200 day moving average of $174.41. Jack Henry & Associates, Inc. has a 12 month low of $157.80 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio is presently 37.18%.

Insider Buying and Selling

In other news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company's stock.

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.