Monthly Stock Report: Jack Henry & Associates, Inc. (JKHY)
Publication Date: September 22, 2024
Company Overview
Jack Henry & Associates, Inc. (JKHY) is a leading financial technology firm located in Monett, Missouri. The company fosters connections between individuals and financial institutions by offering a wide array of technology solutions and payment processing services. Operating through four main segments—Core, Payments, Complementary, and Corporate and Other—Jack Henry delivers essential processing platforms for banks and credit unions, secure payment tools, and additional software and services, such as digital banking and fraud prevention solutions. Its prominent role within the Information Technology Services industry presents a compelling investment opportunity in today’s technology sector.
Financial Performance & Market Sentiment
The Information Technology Services industry is poised for significant growth, leading to a favorable buy recommendation for investors eyeing JKHY. The company reported total revenue of approximately $2.22 billion, illustrating robust financial health and stability even amidst competitive market conditions. Currently, the stock price stands at $173.59, showing optimistic projections for future performance. Analysts have established a target high price of $205.00 and a mean target price of $182.31, reflecting confidence in the company’s potential for market value appreciation. Furthermore, with only 4.33% of shares being shorted, it appears that investor sentiment remains predominantly positive.
Analyst Recommendations & Trend Analysis
The consensus among analysts leans favorably with a recommendation key indicating “buy,” supported by a mean recommendation score of 2.5 based on insights from 13 analyst opinions. The stock currently trades between its fifty-two-week high of $178.37 and low of $136.57, showcasing resilience within its yearly performance range. Notably, the fifty-day moving average stands at $169.56, suggesting the stock’s price maintains an upward trajectory, reinforcing a bullish sentiment. As the technology landscape evolves, Jack Henry & Associates is well-positioned to capitalize on emerging trends, ensuring strong growth potential for forthcoming periods.
| Metric | Value |
|---|---|
| Market Cap | $12.7b |
| Total Debt | $209.6m |
| Total Cash | $38.3m |
| Shares Outstanding | 72.9m |
| Float Shares | 72.4m |
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