Jack Henry & Associates, Inc. (NASDAQ:JKHY) Sees Significant Increase in Short Interest

Jack Henry & Associates, Inc. (NASDAQ:JKHY) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,860,000 shares, a growth of 38.2% from the May 15th total of 2,070,000 shares. Based on an average daily trading volume, of 673,700 shares, the short-interest ratio is currently 4.2 days. Approximately 4.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research note on Thursday, May 8th. UBS Group dropped their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $184.10.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC increased its holdings in Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock valued at $479,000 after purchasing an additional 59 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Jack Henry & Associates by 2.1% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock valued at $569,000 after purchasing an additional 64 shares during the period. Strengthening Families & Communities LLC increased its holdings in Jack Henry & Associates by 12.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock valued at $105,000 after purchasing an additional 68 shares during the period. AdvisorNet Financial Inc increased its holdings in Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock valued at $153,000 after purchasing an additional 75 shares during the period. Finally, Torray Investment Partners LLC increased its holdings in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after purchasing an additional 76 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.6%

NASDAQ JKHY opened at $181.39 on Thursday. Jack Henry & Associates has a 1-year low of $158.62 and a 1-year high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $177.58 and a 200-day moving average of $175.75. The firm has a market cap of $13.21 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the previous year, the company posted $1.19 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

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.