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

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,280,000 shares, a decrease of 15.6% from the March 15th total of 2,700,000 shares. Currently, 3.2% of the company's shares are short sold. Based on an average trading volume of 675,700 shares, the short-interest ratio is presently 3.4 days.

Jack Henry & Associates Stock Down 0.9 %

Shares of JKHY stock traded down $1.61 during mid-day trading on Friday, reaching $170.93. 429,596 shares of the company were exchanged, compared to its average volume of 541,901. The company has a market capitalization of $12.46 billion, a P/E ratio of 30.85, a P/E/G ratio of 3.36 and a beta of 0.71. The business's 50 day simple moving average is $174.88 and its 200 day simple moving average is $175.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

JKHY has been the subject of several research reports. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $186.45.

Hedge Funds Weigh In On Jack Henry & Associates

A number of hedge funds have recently added to or reduced their stakes in JKHY. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the last quarter. Enterprise Financial Services Corp bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at approximately $900,000. Cobblestone Capital Advisors LLC NY raised its position in shares of Jack Henry & Associates by 21.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after purchasing an additional 21,466 shares during the period. Andra AP fonden boosted its position in Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after purchasing an additional 2,900 shares during the period. Finally, Nordea Investment Management AB grew its stake in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after buying an additional 263,021 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

About Jack Henry & Associates

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.