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Saturday, June 3, 2023

Jack Henry & Associates Inc. (NASDAQ: JKHY) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Jack Henry & Associates Inc. (JKHY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.61, or -0.37%, to $162.52. The Jack Henry & Associates Inc. has recorded 62,995 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Jack Henry to Host 2023 Investor Day.

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Stocks Info

Jack Henry & Associates Inc. is listed on the NASDAQ in the Technology sector while operating in the Information Technology Services industry. At the end of the last regular session, the stock closed at $163.13 and fluctuated between $163.52 as its day high and $160.08 as its day low. The current market capitalization of Jack Henry & Associates Inc. is $11.64B. A total of 0.9 million shares were traded on the day, compared to an average of 717.71K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, JKHY has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 3,325 and the disposition of 1,024 shares. Over the last 12 months, there were 37 BUYs and 30 SELLs from insiders. Insiders purchased 73,310 shares during that period but sold 42,432.

In the most recent transaction, Kelly Laura G. bought 1,000 shares of JKHY for 145.29 per share on Mar 14. After the transaction, the Director now owns 16,194 company shares. In a previous transaction on Nov 22, Foss David B sold 16,000 shares at 188.11 per share. JKHY shares that Board Chair & CEO owns now total 106,099.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Jack Henry & Associates Inc. pays an annual dividend of $2.08, resulting in a dividend yield of 1.28%, and it has a price to earnings (P/E) ratio of 33.83. JKHY’s most recent ex-dividend date was 3/7/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 3/24/2023. Previously, the company paid the dividend on 12/22/2022 with an ex-dividend date of 11/30/2022. The JKHY stock dividend was $0.49 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for JKHY in the last 3 months, the mean price target is $170.91 with high estimates of $184.00 and low estimates of $144.00. In terms of 52-week highs and lows, JKHY has a high of $212.62 and a low of $139.28.

As of this writing, JKHY has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.13 per share and a lower estimate of $1.03. The company reported an EPS of $1.46 in the last quarter, which was 4.30% higher than expectations of $1.4.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. JKHY’s latest balance sheet shows that the firm has $48.79M in Cash & Short Term Investments as of fiscal 2022. There were $115.07M in debt and $543.83M in liabilities at the time. Its Book Value Per Share was $20.71, while its Total Shareholder’s Equity was $1.38B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JKHY is Underweight with a score of 3.55. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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