Jack Henry & Associates, Inc. (NASDAQ:JKHY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 1,790,000 shares, a drop of 10.1% from the August 31st total of 1,990,000 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average trading volume of 574,200 shares, the short-interest ratio is presently 3.1 days.
JKHY traded down $1.98 on Friday, reaching $161.56. 354,895 shares of the company traded hands, compared to its average volume of 601,274. The stock’s 50 day moving average price is $167.08 and its 200-day moving average price is $171.61. Jack Henry & Associates has a 52-week low of $123.64 and a 52-week high of $200.98. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 6.06 and a beta of 0.50.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 18th. The technology company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The company had revenue of $410.54 million during the quarter, compared to the consensus estimate of $412.58 million. Jack Henry & Associates had a net margin of 17.48% and a return on equity of 19.69%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, sell-side analysts anticipate that Jack Henry & Associates will post 3.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 9th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, September 8th. Jack Henry & Associates’s dividend payout ratio is 44.56%.
JKHY has been the topic of several analyst reports. Raymond James reissued a “buy” rating on shares of Jack Henry & Associates in a research report on Wednesday, August 19th. Stephens lifted their target price on shares of Jack Henry & Associates from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Friday, August 21st. They noted that the move was a valuation call. G.Research reissued a “buy” rating on shares of Jack Henry & Associates in a research report on Tuesday. Compass Point started coverage on shares of Jack Henry & Associates in a research report on Thursday, September 17th. They set a “neutral” rating and a $175.00 price objective on the stock. Finally, BidaskClub raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $175.75.
A number of hedge funds have recently bought and sold shares of JKHY. Victory Capital Management Inc. grew its position in Jack Henry & Associates by 394.5% in the first quarter. Victory Capital Management Inc. now owns 462,399 shares of the technology company’s stock worth $71,783,000 after acquiring an additional 368,890 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Jack Henry & Associates by 17,002.6% in the second quarter. Wedge Capital Management L L P NC now owns 315,030 shares of the technology company’s stock worth $57,975,000 after acquiring an additional 313,188 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Jack Henry & Associates by 147.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 515,049 shares of the technology company’s stock worth $94,784,000 after acquiring an additional 306,539 shares in the last quarter. Franklin Resources Inc. grew its position in Jack Henry & Associates by 478.4% in the first quarter. Franklin Resources Inc. now owns 331,776 shares of the technology company’s stock worth $51,505,000 after acquiring an additional 274,417 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Jack Henry & Associates by 360.4% in the first quarter. APG Asset Management N.V. now owns 266,638 shares of the technology company’s stock worth $41,393,000 after buying an additional 208,728 shares during the last quarter. 88.87% of the stock is owned by institutional investors.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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