It Seems Jack Henry & Associates, Inc. (JKHY) Will Go Up. Just Reaches 52-Week High

June 14, 2018 - By Ann Prendergast

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Logo

Investors sentiment increased to 1.07 in Q1 2018. Its up 0.20, from 0.87 in 2017Q4. It improved, as 14 investors sold Jack Henry & Associates, Inc. shares while 144 reduced holdings. 46 funds opened positions while 123 raised stakes. 64.79 million shares or 4.84% more from 61.80 million shares in 2017Q4 were reported.
2.15M are held by Jpmorgan Chase And Communication. Geode Cap Management Llc accumulated 888,334 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 15,959 shares. Duncker Streett And holds 0.01% or 342 shares in its portfolio. United Financial Advisers Lc reported 105,010 shares. Pathstone Family Office Ltd Liability reported 15 shares. Meiji Yasuda Life Ins Company owns 3,040 shares. Fjarde Ap holds 0.06% or 32,072 shares. Boston Advsrs Limited Liability Corporation has 0.01% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Retirement Of Alabama accumulated 0.06% or 99,923 shares. The California-based Neumeier Poma Inv Counsel Ltd Liability Com has invested 2.45% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Bridgewater Associate L P holds 14,277 shares or 0.02% of its portfolio. Louisiana State Employees Retirement holds 0.11% or 20,300 shares in its portfolio. Royal Bancorp Of Canada has invested 0.01% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Moreover, Welch & Forbes Ltd has 0.03% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 8,465 shares.

Since February 15, 2018, it had 1 buying transaction, and 4 insider sales for $4.39 million activity. WILLIAMS KEVIN D sold $2.51 million worth of stock or 20,000 shares. Wilson Thomas Hampton Jr. had bought 1,000 shares worth $119,398 on Thursday, February 15. $1.01M worth of Jack Henry & Associates, Inc. (NASDAQ:JKHY) was sold by PRIM JOHN F. The insider Forbis Mark S sold $124,910.

The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) hit a new 52-week high and has $140.22 target or 7.00 % above today’s $131.05 share price. The 9 months bullish chart indicates low risk for the $10.13B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $140.22 price target is reached, the company will be worth $709.03 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.13% or $1.46 during the last trading session, reaching $131.05. About 180,123 shares traded. Jack Henry & Associates, Inc. (NASDAQ:JKHY) has risen 15.78% since June 14, 2017 and is uptrending. It has outperformed by 3.21% the S&P500.

Analysts await Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings on August, 21. They expect $0.95 EPS, up 14.46 % or $0.12 from last year’s $0.83 per share. JKHY’s profit will be $73.43 million for 34.49 P/E if the $0.95 EPS becomes a reality. After $0.93 actual EPS reported by Jack Henry & Associates, Inc. for the previous quarter, Wall Street now forecasts 2.15 % EPS growth.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Ratings Coverage

Among 5 analysts covering Jack Henry & Associates (NASDAQ:JKHY), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Jack Henry & Associates had 6 analyst reports since January 4, 2018 according to SRatingsIntel. On Thursday, January 4 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Hold” rating given on Wednesday, February 7 by RBC Capital Markets. On Wednesday, January 24 the stock rating was maintained by Robert W. Baird with “Neutral”. The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) earned “Hold” rating by Stephens on Monday, February 5. As per Thursday, June 7, the company rating was maintained by Cantor Fitzgerald.

Another recent and important Jack Henry & Associates, Inc. (NASDAQ:JKHY) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Jack Henry & Associates, The Providence Service, Farmer Brothers …” on May 24, 2018.

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company has market cap of $10.13 billion. The firm 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. It has a 29.67 P/E ratio. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary services and products that enable core bank and credit union clients to respond to evolving customer/member demands.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Institutional Positions Chart

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