Jack Henry & Associates (NASDAQ:JKHY) Posts Earnings Results, Beats Expectations By $0.28 EPS

Jack Henry & Associates (NASDAQ:JKHY) issued its quarterly earnings data on Tuesday. The technology company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.28, Zacks reports. The firm had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. Jack Henry & Associates updated its FY 2026 guidance to 6.780-6.870 EPS.

Jack Henry & Associates Stock Performance

JKHY stock traded down $3.18 during midday trading on Tuesday, hitting $149.34. 1,092,244 shares of the company traded hands, compared to its average volume of 855,088. Jack Henry & Associates has a twelve month low of $144.12 and a twelve month high of $193.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $158.97 and a 200-day simple moving average of $168.23. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.6%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, March 5th. Jack Henry & Associates’s dividend payout ratio is 35.06%.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. acquired a new position in Jack Henry & Associates during the fourth quarter valued at approximately $302,000. Corient Private Wealth LLC grew its stake in shares of Jack Henry & Associates by 35.0% in the fourth quarter. Corient Private Wealth LLC now owns 15,001 shares of the technology company’s stock worth $2,605,000 after acquiring an additional 3,888 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth $1,852,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Jack Henry & Associates by 7.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,333 shares of the technology company’s stock worth $4,075,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Jack Henry & Associates by 5.5% in the fourth quarter. Raymond James Financial Inc. now owns 763,541 shares of the technology company’s stock worth $139,331,000 after acquiring an additional 39,999 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. UBS Group raised their price objective on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus target price of $198.77.

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.