Jack Henry & Associates, Inc. (NASDAQ:JKHY) Short Interest Up 23.8% in July

Jack Henry & Associates, Inc. (NASDAQ:JKHY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,960,000 shares, anincreaseof23.8% from the July 15th total of 2,390,000 shares. Approximately4.1% of the shares of the company are sold short. Based on an average trading volume of 558,000 shares, the days-to-cover ratio is currently 5.3 days. Based on an average trading volume of 558,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately4.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $212.00 price target on shares of Jack Henry & Associates in a research note on Monday, August 18th. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada dropped their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Robert W. Baird dropped their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.50.

Insider Activity

In related news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at $38,000. Finally, Private Trust Co. NA raised its holdings in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.4%

Shares of JKHY opened at $165.56 on Friday. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.91 and a beta of 0.73. Jack Henry & Associates has a 1 year low of $157.80 and a 1 year high of $196.00. The business’s 50 day simple moving average is $173.70 and its 200-day simple moving average is $175.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.