As of Friday close, Jack Henry & Associates Inc.’s (NASDAQ:JKHY) stock was up $0.19, moving up 0.12 percent to $155.03. The average number of shares traded per day over the past five days has been 979,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$16.67 fall in that time frame. In the last twenty days, the average volume was 558,345, while in the previous 50 days, it was 538,930.
Since last month, JKHY stock retreated -9.83%. Shares of the company fell to $150.11 on 08/16/23, the lowest level in the past month. A 52-week high of $205.21 was reached on 02/02/23 after having rallying from a 52-week low of $139.28. Since the beginning of this year, JKHY’s stock price has dropped by -11.69% or -$20.53, and marked a new high 9 times. However, the stock has declined by -24.45% since its 52-week high.
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JKHY stock investors should be aware that Jack Henry & Associates Inc. (JKHY) stock had its last reported insider trading activity 86 days ago on May 25. WIMSETT THOMAS A, the Director of the company, purchased of 2,000 shares for $145.51 on May 25. It resulted in a $291,020 investment by the insider. Kelly Laura G. added 1,000 shares at an average price of $145.29 on Mar 14. The insider now owns 16,194 shares following the transaction. On Nov 22, Board Chair & CEO Foss David B sold 16,000 shares at $188.11 apiece. The transaction was valued at $3,009,685.
Valuation Metrics
Right now, Jack Henry & Associates Inc. (JKHY) has a P/E ratio of about 32.45. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 5.58, the price-to-book (PB) ratio of 7.35, and the price-to-cash flow ratio of 53.53 may also be considered.
The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Monday February 13 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended June 29, Jack Henry & Associates Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.24, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 40.90% percent. In the year ended June 29, operating margins totaled 22.70%. Based on annual data, JKHY earned $858.64 million in gross profit and brought in $2.08 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.40%. Return on equity (ROE) for the past 12 months was 23.70%.
In Jack Henry & Associates Inc.’s quarter-end financial report for June 29, it reported total debt of $375.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JKHY’s revenue rose 5.96% to $505.31 million during the quarter, while net income inched up to $508.55 million. While analysts expected Jack Henry & Associates Inc. to report $1.18 quarterly earnings, the actual figure was $1.34 per share, beating the consensus estimate by 13.60%. The liabilities of Jack Henry & Associates Inc. were 1.17 billion at the end of its most recent quarter ended June 29, and its total debt was $420.1 million.
Technical Picture
This quick technical analysis looks at Jack Henry & Associates Inc.’s (JKHY) price momentum. With a historical volatility rate of 35.57%, the RSI 9-day stood at 20.32% on 18 August.
With respect to its five-day moving average, the current Jack Henry & Associates Inc. price is down by -9.71% percent or -$16.67. At present, JKHY shares trade -9.66% below its 20-day simple moving average and +3.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.76% below its SMA50 and -22.12% below its SMA200.
Stochastic coefficient K was 22.40% and Stochastic coefficient D was 29.94%, while ATR was 4.73. Given the Stochastic reading of 20.65% for the 14-day period, the RSI (14) reading has been calculated as 28.50%. As of today, the MACD Oscillator reading stands at -10.39, while the 14-day reading stands at -12.14.
Analyst Ratings
Goldman launched its rating on Jack Henry & Associates Inc. (NASDAQ: JKHY) to a Neutral in a note to investors on July 12, 2023. Jack Henry & Associates Inc. (JKHY) has been rated Hold by analysts. According to 1 brokerage firm, JKHY is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Jack Henry & Associates Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $165.00, the current consensus forecast for the stock is $140.55 – $196.00. Based on these forecasts, analysts predict Jack Henry & Associates Inc. (JKHY) will achieve an average price target of $167.47.
