Short Interest in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Rises By 38.2%

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,860,000 shares, an increase of 38.2% from the May 15th total of 2,070,000 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 673,700 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Jack Henry & Associates

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after acquiring an additional 157,360 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Jack Henry & Associates by 19.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock valued at $872,631,000 after acquiring an additional 765,441 shares during the last quarter. Invesco Ltd. raised its stake in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after buying an additional 471,507 shares during the last quarter. Geode Capital Management LLC raised its stake in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after buying an additional 24,709 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Jack Henry & Associates by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock valued at $249,615,000 after buying an additional 48,311 shares during the period. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded up $1.06 during mid-day trading on Thursday, reaching $181.39. The company had a trading volume of 667,949 shares, compared to its average volume of 571,821. Jack Henry & Associates has a fifty-two week low of $158.62 and a fifty-two week 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 company has a market cap of $13.21 billion, a P/E ratio of 30.90, a P/E/G ratio of 3.08 and a beta of 0.73. The business has a fifty day simple moving average of $177.58 and a 200 day simple moving average of $175.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. On average, equities research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's payout ratio is currently 39.52%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. 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 on the stock in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $184.10.

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.