52.3 F
New York
Saturday, November 28, 2020

The Unprecedented Rise of Jack Henry & Associates Inc. (NASDAQ:JKHY)

Must read

Turquoise Hill Resources Ltd. (NYSE:TRQ) is Gaining Momentum on Earnings Catalyst

Turquoise Hill Resources Ltd. (TRQ) shares are trading at lower $9.66 and the avg recommendation for the stock is Hold, while the current analyst...

Commerce Bancshares Inc. (NASDAQ:CBSH) on the Path to Ruin

Commerce Bancshares Inc. (CBSH) shares are trading at lower $69.06 and the avg recommendation for the stock is Hold, while the current analyst price...

Can We Expect More Volatility From Ambow Education Holding Ltd. (AMBO)?

Ambow Education Holding Ltd. (AMBO) shares are trading at higher $2.56. To add more color to this target, the company’s high over the last...

CASI Pharmaceuticals Inc. (NASDAQ:CASI) Recent Earnings Shows Major Promise

CASI Pharmaceuticals Inc. (CASI) shares are trading at higher $2.58 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Jack Henry & Associates Inc. (JKHY) shares are trading at lower $172.22 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $171.33.

To add more color to this target, the company’s high over the last year is $200.98 and the low is $123.64. Over the last 52 weeks, JKHY is down -14.31% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, JKHY reported a profit of $170.84 million. Jack Henry & Associates Inc. also saw revenues increase to $429.41 million. In addition, JKHY has free cash flow of $149.61 million as of 03-2020. The company’s EBITDA came in at $135.67 million which compares well with its peers.

JKHY booked profit margins of 17.60%, its Return on Equity (ROE) is 20.10%, and its Return on Assets is 13.40%. All told, it is clear that, JKHY needs to be on your watchlist.

Find out when JKHY reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JKHY has a short ratio of 2.90 and outstanding shares of 76.68M.

Company Outlook

JKHY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.54 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.85. Jack Henry & Associates Inc. JKHY also noted assets of $2.23 billion at the end of the last quarter. Investors should also keep an eye on sector updates as JKHY has historically followed its peers on positive news.

All told, Jack Henry & Associates Inc. JKHY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JKHY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Jack Henry & Associates Inc. JKHY is now commanding a market cap of 13.03B and a float of 76.00M. JKHY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JKHY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in JKHY, either long or short, and we have not been compensated for this article.

Latest article

The Last Few Sessions Have Adial Pharmaceuticals Inc. (ADIL) Soaring

Adial Pharmaceuticals Inc. (ADIL) shares are trading at higher $1.89 and the avg recommendation for the stock is Moderate Buy. To add more color...

Boqii Holding Limited (NYSE:BQ) Stock is Soaring, Here is Why

Boqii Holding Limited (BQ) shares are trading at higher $6.08 and the avg recommendation for the stock is Moderate Buy. To add more color...

CIT Group Inc. (CIT)’s Stock is Jumping, Here is Why

CIT Group Inc. (CIT) shares are trading at lower $34.99 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Venator Materials PLC (VNTR)?

Venator Materials PLC (VNTR) shares are trading at lower $2.27 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

When Will CyrusOne Inc. (CONE) Slow Down

CyrusOne Inc. (CONE) shares are trading at higher $70.12 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...