Home Analyst Ratings Evercore ISI Group raises Jack Henry & Associates ’s rating to In-Line...

Evercore ISI Group raises Jack Henry & Associates [JKHY]’s rating to In-Line and price target to $165

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam