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

Curi RMB Capital LLC decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 145,004 shares of the technology company’s stock after selling 1,153 shares during the quarter. Curi RMB Capital LLC owned approximately 0.20% of Jack Henry & Associates worth $25,599,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Jack Henry & Associates by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after acquiring an additional 6,173 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after acquiring an additional 4,252 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock worth $62,426,000 after acquiring an additional 67,816 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in shares of Jack Henry & Associates by 569.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 5,146 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $174.95 on Thursday. The firm has a fifty day simple moving average of $179.40 and a two-hundred day simple moving average of $170.87. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $151.05 and a twelve month high of $189.63. The company has a market capitalization of $12.76 billion, a PE ratio of 32.04, a P/E/G ratio of 3.34 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 during 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%. Jack Henry & Associates’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JKHY shares. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. 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 target for the company. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $188.73.

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.