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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,660,000 shares, a drop of 8.3% from the October 15th total of 1,810,000 shares. Based on an average trading volume of 501,500 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $25,000. Tortoise Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates in the first quarter valued at $30,000. Blue Trust Inc. raised its position in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.7 %

Shares of Jack Henry & Associates stock traded down $1.15 on Monday, reaching $172.06. 429,429 shares of the company were exchanged, compared to its average volume of 454,716. Jack Henry & Associates has a one year low of $151.59 and a one year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $179.46 and a 200 day moving average of $171.05. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.26 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Jack Henry & Associates will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared 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 yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is currently 40.29%.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent analyst reports. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price 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.