Jack Henry & Associates, Inc. (NASDAQ: JKHY) Update on Short-Term Interest
Jack Henry & Associates, Inc. (NASDAQ: JKHY) benefited from a significant increase in short-term interest in November. As of November 30, there was short interest totaling 3,130,000 shares, an increase of 21.3% from the November 15 total of 2,580,000 shares. Based on an average daily volume of 503,300 shares, the short-term interest rate is currently 6.2 days. Currently, 4.3% of the company’s shares are sold short.
Hedge funds recently bought and sold shares in the company. Seeyond increased his stake in Jack Henry & Associates by 0.4% during the 2nd quarter. Seeyond now owns 12,870 shares of the tech company valued at $ 2,104,000 after purchasing 57 additional shares in the last quarter. Cardinal Capital Management increased its stake in Jack Henry & Associates by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 13,628 shares of the tech company valued at $ 2,236,000 after purchasing 59 additional shares in the last quarter. TrinityPoint Wealth LLC increased its stake in Jack Henry & Associates by 2.5% during the 2nd quarter. TrinityPoint Wealth LLC now owns 2,504 shares of the tech company valued at $ 409,000 after purchasing 62 more shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in Jack Henry & Associates by 2.9% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,214 shares of the tech company valued at $ 363,000 after purchasing 62 more shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Jack Henry & Associates by 2.8% during the 3rd quarter. IFP Advisors Inc now owns 2,306 shares of the tech company valued at $ 379,000 after purchasing 63 additional shares in the last quarter. 90.30% of the shares are held by institutional investors.
JKHY has been the subject of several research analyst reports. The UBS Group launched coverage on the shares of Jack Henry & Associates in a research note on Wednesday, November 17. They issued a “neutral” rating and a price target of $ 162.00 for the company. Raymond James downgraded Jack Henry & Associates shares from an “outperformance” rating to a “market performance” rating in a report released Wednesday. Stephens assumed coverage of the actions of Jack Henry & Associates in a report released on Thursday, November 18. They set an “equal weight” rating and a price target of $ 165.00 for the company. Finally, Credit Suisse Group raised its price target on Jack Henry & Associates shares from $ 170.00 to $ 175.00 and gave the company a “neutral” rating in a report released on Wednesday, November 10. Seven equity research analysts rated the stock with a conservation rating and two gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of âHoldâ and an average target price of $ 175.44.
JKHY shares traded down $ 0.86 during trading hours on Friday, reaching $ 164.24. 1,024,286 shares of the stock traded for an average volume of 518,384. The company has a fifty-day moving average price of $ 160.61 and a 200-day moving average price of $ 166.24. Jack Henry & Associates has a one-year low at $ 141.65 and a one-year high at $ 179.98. The company has a market cap of $ 12.16 billion, a PE ratio of 38.11, a PEG ratio of 2.41 and a beta of 0.60. The company has a quick ratio of 1.14, a current ratio of 1.14, and a debt ratio of 0.05.
Jack Henry & Associates (NASDAQ: JKHY) last announced its quarterly earnings data on Monday, November 8. The tech company reported EPS of $ 1.38 for the quarter, beating the Zacks consensus estimate of $ 1.32 by $ 0.06. Jack Henry & Associates had a net margin of 17.96% and a return on equity of 23.13%. The company posted revenue of $ 488.10 million for the quarter, compared to a consensus estimate of $ 489.98 million. During the same period of the previous year, the company posted earnings per share of $ 1.19. The company’s revenue grew 8.0% year-over-year. Research analysts expect Jack Henry & Associates to post earnings per share of 4.7 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 23. Shareholders of record on Friday, December 3 will receive a dividend of $ 0.46. This represents an annualized dividend of $ 1.84 and a return of 1.12%. The ex-dividend date of this dividend is Thursday, December 2. Jack Henry & Associates’ dividend payout ratio is 42.69%.
Company Profile Jack Henry & Associates
Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary and Corporate and others. The Core segment focuses on core information processing platforms for banks and credit unions, which consist of integrated applications required to process deposit, loan and general ledger transactions, and for maintain centralized information on customers or members.
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