Jack Henry & Associates (JKHY): The stock had negative money flow to the tune of ($2.51 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.95 million, whereas, the outflow of money on downticks was $4.46 million and the ratio between the two was 0.44. The block trade had a negative net money flow of ($2.85 million). On the other hand, downticks amounted to $2.85 million of the traded value, which shows distribution in the stock by traders. Jack Henry & Associates (JKHY) closed with marginal gains of 75 cents to end the day at $88.19, an increase of 0.86% over the previous days close. The stock recorded 0.44% for the week.
Jack Henry & Associates (JKHY) stock is expected to deviate a maximum of $8.7 from the average target price of $81.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $90 and the most muted being $70.
Jack Henry & Associates (NASDAQ:JKHY): stock turned positive on Friday. Though the stock opened at $87.76, the bulls momentum made the stock top out at $88.3099 level for the day. The stock recorded a low of $87.43 and closed the trading day at $88.09, in the green by 0.74%. The total traded volume for the day was 180,410. The stock had closed at $87.44 in the previous days trading.
In a related news, Forbis Mark S, officer (VICE PRESIDENT & CTO) of Henry Jack & Associates Inc, unloaded 400 shares at an average price of $83.36 on February 24, 2016. The total amount of the transaction was worth $33,344, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Jack Henry & Associates, Inc. (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company operates in two segments: bank systems and services, and credit union systems and services. The Companys array of products and services include processing transactions, automating business processes, and managing information for around 10,900 financial institutions and diverse corporate entities. JHA provides its products and services through three business brands: Jack Henry Banking, Symitar and ProfitStars. Its software systems operate on a range of hardware platforms. The Company sells the IBM Power Systems; Lenovo servers and workstations; Dell servers and workstations; Burroughs, RDM, Panini, Digital Check, Canon check scanners, and other devices that complement its software solutions.