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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,810,000 shares, a drop of 7.2% from the September 30th total of 1,950,000 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 454,700 shares, the short-interest ratio is currently 4.0 days.

Jack Henry & Associates Trading Down 0.5 %

NASDAQ JKHY opened at $181.93 on Friday. The firm’s fifty day moving average price is $177.51 and its 200 day moving average price is $169.80. Jack Henry & Associates has a 12 month low of $138.95 and a 12 month high of $186.93. 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 company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.15%.

Institutional Investors Weigh In On Jack Henry & Associates

Several large investors have recently modified their holdings of JKHY. Vanguard Group Inc. raised its position in Jack Henry & Associates by 0.5% in the 1st 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 last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 1.7% in the second 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 last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 grew its holdings in shares of Jack Henry & Associates by 8.4% during the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after buying an additional 66,600 shares during the last quarter. Finally, TD Asset Management Inc increased its position in 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 valued at $118,894,000 after acquiring an additional 139,582 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JKHY has been the subject of several research analyst reports. Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. Compass Point began coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $187.11.

About Jack Henry & Associates

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.