Shares last traded at $110.13 a tad higher than the 50 day moving average which is $104.37 and which is just a bit higher than the 200 day moving average of $102.89. The 50 day moving average went up $5.76 or +5.52% whereas the 200 day moving average was up $7.24 or +7.04%. (NASDAQ:JKHY) shares saw heavy trading volume with 406K shares changing hands on Tuesday. Overall, volume was up 52.56% over the stocks normal daily volume.
Traders are feeling more bullish on Jack Henry & Associates, Inc. of late if you take into consideration the motion in short interest. The stock had a fall in short interest of -3.33% as of the latest report on October 13, 2017. Short interest decreased 100,523 over that period. Days to cover increased 3.0 to 13.0 and the short interest percentage is 0.04% as of October 13.
These funds have shifted positions in (JKHY). As of quarter end Korea Investment Corp had sold 6,400 shares trimming its position 9.0%. The value of the investment in Jack Henry & Associates, Inc. decreased from $7,427,000 to $6,692,000 a change of $735,000 quarter to quarter. As of the end of the quarter Aperio Group, LLC had acquired a total of 36,311 shares growing its holdings by 39.3%. The value of the total investment in Jack Henry & Associates, Inc. went from $9,587,000 to $13,219,000 increasing 37.9% for the reporting period.
As of quarter end Parametrica Management Ltd had sold 230 shares trimming its stake by 9.5%. The value of the company’s investment in Jack Henry & Associates, Inc. went from $251,000 to $225,000 a change of 10.4% quarter over quarter. As of the end of the quarter Andra Ap-fonden had bought a total of 9,514 shares growing its position 7.0%. The value of the investment in (JKHY) went from $14,043,000 to $14,875,000 increasing 5.9% since the last quarter.
The company’s P/E ratio is 35.07 and market capitalization is 8.53B. In the last earnings report the EPS was $3.14 and is expected to be $3.29 for the current year with 77,438,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.80 and the next full year EPS is anticipated to be $3.55.
Jack Henry & Associates, Inc., launched on October 4, 1985, is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. The Company operates in two segments, which include bank systems and services (Bank) and credit union systems and services (Credit Union). The Company provides its products and services through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three core software systems to banks and Symitar markets over two core software systems to credit unions. The Business’s subsidiaries include Jack Henry Services, Inc., Jack Henry Software/Commlink, Inc., Symitar Systems, Inc., Check Collect, Inc. and Bayside Business Solutions, Inc..