Curated Wealth Partners LLC Invests $232,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Curated Wealth Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,324 shares of the technology company’s stock, valued at approximately $232,000.

A number of other hedge funds also recently added to or reduced their stakes in JKHY. True North Advisors LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $299,000. Phillips Wealth Planners LLC raised its stake in Jack Henry & Associates by 10.6% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,347 shares of the technology company’s stock worth $232,000 after buying an additional 129 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in Jack Henry & Associates by 5.4% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 4,707 shares of the technology company’s stock worth $825,000 after buying an additional 243 shares during the period. Ballentine Partners LLC bought a new stake in Jack Henry & Associates during the 4th quarter valued at $201,000. Finally, Guinness Asset Management LTD increased its holdings in shares of Jack Henry & Associates by 13.4% in the 4th quarter. Guinness Asset Management LTD now owns 3,149 shares of the technology company’s stock valued at $552,000 after acquiring an additional 373 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Down 0.1 %

Jack Henry & Associates stock opened at $173.88 on Friday. The business’s 50-day simple moving average is $174.49 and its two-hundred day simple moving average is $174.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $12.69 billion, a PE ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is currently 40.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $186.80.

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.