Curi RMB Capital LLC Sells 10,981 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Curi RMB Capital LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,023 shares of the technology company's stock after selling 10,981 shares during the period. Curi RMB Capital LLC owned about 0.18% of Jack Henry & Associates worth $23,494,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Jack Henry & Associates by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company's stock worth $93,936,000 after buying an additional 7,692 shares during the period. Forum Financial Management LP bought a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $235,000. Freedom Investment Management Inc. lifted its holdings in Jack Henry & Associates by 4.5% during the 4th quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after purchasing an additional 85 shares during the last quarter. Goodman Advisory Group LLC grew its holdings in Jack Henry & Associates by 14.6% in the 4th quarter. Goodman Advisory Group LLC now owns 16,936 shares of the technology company's stock valued at $2,969,000 after buying an additional 2,158 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $202,000. Institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Stock Down 0.0 %

Shares of NASDAQ JKHY opened at $171.83 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.36 and a beta of 0.71. The business has a 50-day moving average of $174.54 and a 200-day moving average of $176.13.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results 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 return on equity of 21.55% and a net margin of 17.83%. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders 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 yield of 1.35%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

About Jack Henry & Associates

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.