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

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 1,660,000 shares, a decline of 8.3% from the October 15th total of 1,810,000 shares. Based on an average daily volume of 501,500 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.3% of the company's stock are sold short.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently added to or reduced their stakes in JKHY. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock valued at $19,158,000 after acquiring an additional 113,696 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after purchasing an additional 6,173 shares during the period. Epoch Investment Partners Inc. increased its stake in Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company's stock valued at $62,426,000 after purchasing an additional 67,816 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Jack Henry & Associates by 569.9% during the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company's stock valued at $1,051,000 after purchasing an additional 5,146 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Jack Henry & Associates by 285.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company's stock worth $698,000 after purchasing an additional 3,113 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JKHY shares. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Friday. Oppenheimer assumed coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price target for the company. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. Finally, Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target on the stock. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $188.73.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded down $1.15 during trading on Monday, reaching $172.06. 435,830 shares of the company's stock were exchanged, compared to its average volume of 454,716. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00. The stock has a market capitalization of $12.55 billion, a P/E ratio of 31.38, a PEG ratio of 3.26 and a beta of 0.63. Jack Henry & Associates has a fifty-two week low of $151.59 and a fifty-two week high of $189.63. The business has a 50 day moving average price of $179.46 and a 200-day moving average price of $171.05.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly 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. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Sell-side analysts forecast that Jack Henry & Associates will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given 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 dividend payout ratio is 40.29%.

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.