Evercore ISI Group took its Jack Henry & Associates [JKHY] rating to the equivalent of In-Line from Underperform, and the price target to $165.0 from $133, in a research note dated 2021-01-11. That figure represents around a -1.17% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with DA Davidson’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in early November. Meanwhile, Compass Point had launched its coverage on JKHY with “Neutral”, in a research note produced for clients September 17, 2020.
Is Jack Henry & Associates Inc. [NASDAQ:JKHY] a Good Buy Right Now?
It should be noted that JKHY technical indicators for short, intermediate as well as long term progress have placed an overall average of 24% as Sell. The average signal changed from 40% Sell in the last week and compares with 40% Sell in the past month. Data from Jack Henry & Associates Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.53 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 0.55 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 50% Sell and the 100-day average volume stands at 0.55 million shares.
JKHY Price Performance
On Wall Street, Jack Henry & Associates Inc. [NASDAQ:JKHY] finished Friday’s session up 1.22% at $166.95. The stock went up to $167.49 at the same session while its lowest single day price was $164.66. In the last five days, it saw a rise of about 3.06%, Jack Henry & Associates Inc. shares gained by almost 3.06% since the beginning of the year. However, the share price has dropped to as low as -16.93% below its one year high. On 01/08/21, the company shares recorded $167.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $155.45. The company’s shares have inclined by 12.33% in the past year. The 50-day SMA achieved is $158.44 while the 200-day SMA is $168.39. Volume dropped to 0.48 million from 0.57 million in the previous session.
Jack Henry & Associates Inc. [JKHY] Valuation Measures
Notably, Jack Henry & Associates Inc. [JKHY] stock cannot be classified as a good candidate in the listing of underestimated low-priced Information Technology Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 42.97. The measure means the stock is exchanging at a premium as compared to the 32.29x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.36 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.97 which means JKHY serve an unattractive investment opportunity compared to its competitors.
JKHY Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 165.24 level, and in case of violation of this particular level, it will cause more drop to 163.54 level. On the upper level, 169.20 is still the key resistance. The stock may increase to the subsequent resistance at 168.07. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.66, implying a neutral technical stance while the MACD stands at 4.53, meaning price will increase in the next trading period. Percent R indicator moved to 4.08%, implying bullish price movement. Stochastic %K at 84.13% suggest selling the stock.
What is the short interest in Jack Henry & Associates Inc.?
Short interest in the Jack Henry & Associates Inc. stock has surged, increasing by 50000.0 shares to total 1.58 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.63 million, data from Yahoo Finance shows. The decrease of -3.16% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.77% of the overall float for the stock.
Jack Henry & Associates Inc.’s Biggest Shareholders: Who Owns Jack Henry & Associates Inc. [JKHY]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 8,807,563 shares or roughly 11.54% of the outstanding JKHY shares. This means their shares have reduced by -250,392 from the 8,807,563 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $1,037,347,373. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. acquired their 0.12% stake valued at $565,014,316 while Capital Research & Management Co cut theirs at $461,805,253. During the last quarter, SSgA Funds Management, Inc. raised 4,284 of its shares in Jack Henry & Associates Inc. while Capital Research & Management Co sold -1,080,812 shares. The Kayne Anderson Rudnick Investment’s holdings currently number 2,212,682 shares at $369407259.9. According to the firm’s last 13F report, CIBC Private Wealth Advisors, Inc shares in the company at filing stood at 1,887,153 shares, roughly $303,567,432.
JKHY Earnings Forecast For The Current Quarter
Jack Henry & Associates Inc. [JKHY] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $432.98M and an earnings per share of $0.87 for Dec 2020. Looking further ahead, the company is expected to report revenue of $441.83M at an EPS of $0.86 for Mar 2021. The estimates represent 7.30% and 16.84% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
JKHY Earnings Estimates For The Current Year
For the financial year, Jack Henry & Associates Inc. [NASDAQ:JKHY] is expected to bring in revenue of $1.77B. The returns are nearly $70.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 3.8, lower than that of FY20 by -$0.06. Estimates put this year’s earnings growth at -1.60%, 16.80% for the next, and at an annual 10.80% over the next 5-year period. As for sales, forecasts are for an increase of 4.10% in the current fiscal year and a further 7.30% over the following year.