Price Action Report: What’s Jack Henry & Associates, Inc. Upside After Today’s Huge Increase?

Price Action Report: What's Jack Henry & Associates, Inc. Upside After Today's Huge Increase?

The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a huge mover today! About 556,427 shares traded hands or 59.13% up from the average. Jack Henry & Associates, Inc. (NASDAQ:JKHY) has declined 3.75% since April 5, 2016 and is downtrending. It has underperformed by 5.70% the S&P500.
The move comes after 8 months positive chart setup for the $6.72B company. It was reported on Nov, 8 by Barchart.com. We have $128.58 PT which if reached, will make NASDAQ:JKHY worth $3.49B more.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Ratings Coverage

Out of 3 analysts covering Jack Henry (NASDAQ:JKHY), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Jack Henry has been the topic of 3 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, August 24 by Oppenheimer. On Thursday, August 27 the stock rating was maintained by Stephens with “Equal-Weight”. The company was maintained on Thursday, August 27 by RBC Capital Markets.

According to Zacks Investment Research, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition.”

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.06, from 1.08 in 2016Q1. The ratio is positive, as 24 funds sold all Jack Henry & Associates, Inc. shares owned while 124 reduced positions. 38 funds bought stakes while 130 increased positions. They now own 66.53 million shares or 1.60% less from 67.61 million shares in 2016Q1.
Washington Trust Comml Bank, a Washington-based fund reported 27 shares. Kayne Anderson Rudnick Investment Mngmt Limited Liability Corp holds 2.45% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 1.86M shares. Tudor Invest Et Al last reported 0% of its portfolio in the stock. State Of Alaska Department Of Revenue holds 0.03% or 3,744 shares in its portfolio. Parametric Port Assocs Llc owns 220,158 shares or 0.03% of their US portfolio. Scout has invested 0.48% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Prudential Fincl has 0.01% invested in the company for 66,787 shares. Welch Forbes Limited Liability Com last reported 0.01% of its portfolio in the stock. Arrow Corporation last reported 120 shares in the company. Moreover, National Planning has 0.02% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 3,497 shares. Oppenheimer accumulated 0.09% or 33,362 shares. Shell Asset Management Company holds 11,741 shares or 0.02% of its portfolio. Kcg last reported 2,987 shares in the company. The New York-based Tiaa Cref Mngmt Ltd Com has invested 0.02% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Amp Capital, a Australia-based fund reported 10,131 shares.

Insider Transactions: Since September 21, 2016, the stock had 0 insider purchases, and 2 insider sales for $3.00 million net activity. On Wednesday, September 21 WILLIAMS KEVIN D sold $2.74M worth of the stock or 31,802 shares. On Wednesday, September 21 the insider Forbis Mark S sold $260,250.

More notable recent Jack Henry & Associates, Inc. (NASDAQ:JKHY) news were published by: Charlotteobserver.com which released: “Midsize Companies – No. 3 – Jack Henry & Associates Inc.” on September 24, 2016, also Prnewswire.com with their article: “Jack Henry & Associates, Inc. to Elevate David Foss to CEO” published on January 12, 2016, Prnewswire.com published: “FirstBank, Jack Henry & Associates Partner for Enterprise-Wide IT Initiatives” on October 12, 2016. More interesting news about Jack Henry & Associates, Inc. (NASDAQ:JKHY) were released by: Prnewswire.com and their article: “Jack Henry & Associates Expedites P2P Payments” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “Jack Henry & Associates to Provide Webcast of First Quarter Fiscal Year 2017 …” with publication date: October 26, 2016.

JKHY Company Profile

Jack Henry & Associates, Inc., incorporated on October 4, 1985, is a well-known provider of information processing solutions for community banks. The Firm offers a range of services and products, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. The Firm operates in two divisions, which include bank systems and services (Bank) and credit union systems and services (Credit Union). The Firm provides its services and products through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three core software systems to banks and Symitar markets over two core software systems to credit unions. The Company’s subsidiaries include Jack Henry Services, Inc., Jack Henry Software/Commlink, Inc., Symitar Systems, Inc., Check Collect, Inc. and Bayside Business Solutions, Inc.

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