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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,990,000 shares, an increase of 38.2% from the August 15th total of 1,440,000 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 557,400 shares, the days-to-cover ratio is presently 3.6 days.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Advisors Inc. OK boosted its stake in Jack Henry & Associates by 3.9% during the 1st quarter. Capital Advisors Inc. OK now owns 1,483 shares of the technology company’s stock valued at $230,000 after purchasing an additional 56 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Jack Henry & Associates by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 10,551 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 58 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in Jack Henry & Associates by 3.2% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,904 shares of the technology company’s stock valued at $348,000 after purchasing an additional 59 shares during the last quarter. ICW Investment Advisors LLC boosted its stake in Jack Henry & Associates by 1.8% during the 2nd quarter. ICW Investment Advisors LLC now owns 4,402 shares of the technology company’s stock valued at $810,000 after purchasing an additional 79 shares during the last quarter. Finally, PAX Financial Group LLC boosted its stake in Jack Henry & Associates by 3.4% during the 2nd quarter. PAX Financial Group LLC now owns 2,467 shares of the technology company’s stock valued at $454,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

JKHY traded down $4.12 during midday trading on Wednesday, hitting $155.67. 540,967 shares of the company were exchanged, compared to its average volume of 601,966. The firm has a market capitalization of $11.93 billion, a P/E ratio of 40.37, a P/E/G ratio of 5.96 and a beta of 0.50. Jack Henry & Associates has a 1-year low of $123.64 and a 1-year high of $200.98. The firm’s 50 day moving average price is $173.91 and its 200-day moving average price is $171.47.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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. Jack Henry & Associates had a return on equity of 19.69% and a net margin of 17.48%. The firm had revenue of $410.54 million for the quarter, compared to the consensus estimate of $412.58 million. During the same period in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Jack Henry & Associates will post 3.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, September 9th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 8th. Jack Henry & Associates’s payout ratio is 44.56%.

A number of equities research analysts have weighed in on JKHY shares. Robert W. Baird raised their target price on Jack Henry & Associates from $176.00 to $194.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Raymond James reissued a “buy” rating on shares of Jack Henry & Associates in a report on Wednesday, August 19th. BidaskClub downgraded Jack Henry & Associates from a “hold” rating to a “sell” rating in a report on Thursday, August 27th. Finally, Stephens raised their price objective on Jack Henry & Associates from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Friday, August 21st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $175.86.

Jack Henry & Associates Company Profile

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.

Read More: Why is the LIBOR significant?

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.