Jack Henry & Associates, Inc. (JKHY) Stock Up 0.66%: Is It a Good Investment?

Jack Henry & Associates, Inc. [JKHY] stock is trading at $173.03, up 0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The JKHY shares have gain 5.10% over the last week, with a monthly amount glided 2.34%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Citigroup started tracking the stock with Neutral rating on January 18, 2024, and set its price target to $177. On December 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $186 on the stock. Goldman downgraded its rating to a Sell and reduced its price target to $140 on October 12, 2023. DA Davidson upgraded its rating to Buy for this stock on September 27, 2023, but kept the price target unchanged to $174. In a note dated September 18, 2023, Northcoast upgraded an Buy rating on this stock but restated the target price of $185.

Jack Henry & Associates, Inc. [JKHY] stock has fluctuated between $136.57 and $178.37 over the past year. Currently, Wall Street analysts expect the stock to reach $191.6 within the next 12 months. Jack Henry & Associates, Inc. [NASDAQ: JKHY] shares were valued at $173.03 at the most recent close of the market. An investor can expect a potential return of 10.73% based on the average JKHY price forecast.

Analyzing the JKHY fundamentals

Jack Henry & Associates, Inc. [NASDAQ:JKHY] reported sales of 2.22B for the trailing twelve months, which represents a growth of 5.22%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 171.74 points at the first support level, and at 170.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.82, and for the 2nd resistance point, it is at 174.62.

Ratios To Look Out For

For context, Jack Henry & Associates, Inc.’s Current Ratio is 0.86. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 6.84 and price to earnings (TTM) ratio is 33.09.

Transactions by insiders

Recent insider trading involved Zengel Stacey E., Senior Vice President, that happened on Dec 18 ’23 when 326.0 shares were sold.

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