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

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 5,105,830 shares, an increase of 15.0% from the March 31st total of 4,440,265 shares. Based on an average daily trading volume, of 893,549 shares, the days-to-cover ratio is currently 5.7 days. Approximately 7.1% of the company's stock are sold short.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company's stock worth $611,103,000 after purchasing an additional 97,140 shares in the last quarter. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 9.5% in the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company's stock valued at $268,190,000 after purchasing an additional 155,616 shares during the period. Wells Fargo & Company MN boosted its position in shares of Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company's stock valued at $258,250,000 after purchasing an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company's stock worth $246,420,000 after buying an additional 831,372 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company's stock worth $165,555,000 after buying an additional 1,056,362 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JKHY shares. Stephens raised shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. Weiss Ratings downgraded shares of Jack Henry & Associates from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. Robert W. Baird upgraded shares of Jack Henry & Associates from a "neutral" rating to an "outperform" rating and set a $205.00 price objective on the stock in a report on Thursday, February 5th. UBS Group lifted their price objective on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company upgraded shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $181.00 to $196.00 in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.15.

Jack Henry & Associates Price Performance

JKHY stock opened at $153.75 on Friday. The business has a 50 day moving average price of $159.16 and a 200 day moving average price of $168.06. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.31 and a beta of 0.72. Jack Henry & Associates has a fifty-two week low of $144.12 and a fifty-two week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The company had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts anticipate that Jack Henry & Associates will post 6.67 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Thursday, March 5th were given a $0.61 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates's payout ratio is 35.06%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company's core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.

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