What’s Jack Henry & Associates, Inc. (JKHY) Upside After Achieving 52-Week High?

June 14, 2018 - By Linda Rogers

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.
Assetmark reported 325 shares or 0% of all its holdings. Parkside Fin Commercial Bank And Tru stated it has 500 shares. Advsr Asset Mgmt reported 0.02% stake. First Republic Investment Management holds 0.02% or 23,798 shares in its portfolio. California State Teachers Retirement Sys reported 135,201 shares. 502,286 are held by Capital Guardian Trust Co. Bath Savings owns 46,682 shares for 1.41% of their portfolio. Dekabank Deutsche Girozentrale reported 0.05% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Citadel Advisors Ltd Liability Corporation holds 6,645 shares or 0% of its portfolio. Pathstone Family Office Ltd Liability Corporation, New Jersey-based fund reported 15 shares. Delta Asset Mgmt Llc Tn owns 11 shares for 0% of their portfolio. Cibc World Mkts Incorporated reported 0% stake. The California-based First Quadrant L P Ca has invested 0.52% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Synovus Finance holds 0.07% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 34,873 shares. Court Place Advisors Ltd Liability invested in 90,411 shares.

Since February 15, 2018, it had 1 insider purchase, and 4 insider sales for $4.39 million activity. On Tuesday, March 13 the insider Foss David B sold $864,096. The insider Wilson Thomas Hampton Jr. bought 1,000 shares worth $119,398. $1.01M worth of Jack Henry & Associates, Inc. (NASDAQ:JKHY) was sold by PRIM JOHN F on Tuesday, June 5. WILLIAMS KEVIN D had sold 20,000 shares worth $2.51 million on Friday, June 1.

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 $73.43M 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. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 4. The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) has “Hold” rating given on Monday, February 5 by Stephens. As per Wednesday, February 7, the company rating was maintained by RBC Capital Markets. Cantor Fitzgerald maintained Jack Henry & Associates, Inc. (NASDAQ:JKHY) on Thursday, June 7 with “Overweight” rating. The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) earned “Neutral” rating by Robert W. Baird on Wednesday, January 24.

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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