Jack Henry & Associates, Inc. (NASDAQ:JKHY) Short Interest Update

Jack Henry & Associates, Inc. (NASDAQ:JKHY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,810,000 shares, a decrease of 7.2% from the September 30th total of 1,950,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 454,700 shares, the days-to-cover ratio is currently 4.0 days.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $0.85 during midday trading on Thursday, hitting $181.93. The company had a trading volume of 570,220 shares, compared to its average volume of 437,867. Jack Henry & Associates has a twelve month low of $138.95 and a twelve month high of $186.93. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day simple moving average is $177.51 and its 200-day simple moving average is $169.80.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period last year, the company earned $1.34 EPS. On average, research analysts predict that Jack Henry & Associates will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.21%. Jack Henry & Associates’s payout ratio is 42.47%.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. Vanguard Group Inc. raised its position in Jack Henry & Associates by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after purchasing an additional 39,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after buying an additional 67,386 shares during the period. Envestnet Asset Management Inc. boosted its stake in Jack Henry & Associates by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after buying an additional 23,617 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after acquiring an additional 66,600 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after acquiring an additional 139,582 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, August 22nd. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $187.11.

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.