Short Interest in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Drops By 8.3%

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 1,770,000 shares, a decrease of 8.3% from the April 15th total of 1,930,000 shares. Approximately 2.4% of the company's stock are short sold. Based on an average daily volume of 403,700 shares, the short-interest ratio is presently 4.4 days.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates during the first quarter valued at approximately $30,000. Planned Solutions Inc. purchased a new position in Jack Henry & Associates in the 4th quarter worth $33,000. NBC Securities Inc. bought a new stake in Jack Henry & Associates in the third quarter worth $30,000. Anchor Investment Management LLC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at about $35,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded down $0.39 during mid-day trading on Friday, hitting $168.99. 313,859 shares of the stock traded hands, compared to its average volume of 428,555. The business's 50-day moving average price is $168.36 and its 200 day moving average price is $165.20. The company has a market cap of $12.32 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 4.32 and a beta of 0.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. During the same quarter last year, the company earned $1.12 earnings per share. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts expect that Jack Henry & Associates will post 5.2 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, May 24th. Jack Henry & Associates's payout ratio is 42.47%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI upped their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a report on Tuesday, March 26th. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating for the company. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 17th. Royal Bank of Canada increased their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a research report on Thursday, February 8th. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $174.42.

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.