Jack Henry & Associates (NASDAQ:JKHY) Releases Earnings Results, Beats Expectations By $0.10 EPS

Jack Henry & Associates (NASDAQ:JKHY) issued its quarterly earnings data on Tuesday. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10, FiscalAI reports. The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. Jack Henry & Associates updated its FY 2027 guidance to 7.330-7.380 EPS.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $3.25 during mid-day trading on Tuesday, reaching $153.12. The company had a trading volume of 1,360,333 shares, compared to its average volume of 1,190,049. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.16 and a beta of 0.55. The company has a 50 day moving average of $144.30 and a 200-day moving average of $151.43. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after buying an additional 97,140 shares during the period. Invesco Ltd. increased its stake in Jack Henry & Associates by 9.5% during the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after acquiring an additional 155,616 shares during the period. Wells Fargo & Company MN increased its stake in Jack Henry & Associates by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after acquiring an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Jack Henry & Associates by 160.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after acquiring an additional 831,372 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Jack Henry & Associates by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock worth $179,354,000 after acquiring an additional 37,814 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on JKHY. DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a report on Thursday, May 7th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research report on Friday, May 8th. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Wolfe Research set a $165.00 target price on Jack Henry & Associates in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.71.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.