Jack Henry & Associates (NASDAQ:JKHY) Announces Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Jack Henry & Associates (NASDAQ:JKHY) announced its quarterly earnings data on Tuesday. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33, Zacks reports. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $644.74 million for the quarter, compared to analyst estimates of $634.42 million. During the same period in the prior year, the business posted $1.63 earnings per share. Jack Henry & Associates’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates updated its FY 2026 guidance to 6.380-6.490 EPS.

Jack Henry & Associates Stock Up 1.2%

Shares of NASDAQ:JKHY opened at $152.42 on Wednesday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.74 and a beta of 0.78. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company’s fifty day simple moving average is $154.70 and its 200 day simple moving average is $168.13.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

Institutional Trading of Jack Henry & Associates

Several hedge funds and other institutional investors have recently modified their holdings of JKHY. State Street Corp boosted its position in shares of Jack Henry & Associates by 2.6% during the second quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock worth $721,788,000 after buying an additional 102,534 shares during the period. Qube Research & Technologies Ltd lifted its stake in Jack Henry & Associates by 65.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 250,687 shares of the technology company’s stock valued at $45,166,000 after acquiring an additional 99,474 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Jack Henry & Associates by 3.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 175,614 shares of the technology company’s stock worth $31,640,000 after acquiring an additional 6,085 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Jack Henry & Associates by 19.7% during the 2nd quarter. California State Teachers Retirement System now owns 165,404 shares of the technology company’s stock worth $29,801,000 after acquiring an additional 27,277 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Jack Henry & Associates by 136.1% in the second quarter. Squarepoint Ops LLC now owns 105,709 shares of the technology company’s stock valued at $19,046,000 after purchasing an additional 60,944 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JKHY shares. Royal Bank Of Canada cut their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 21st. UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Wells Fargo & Company upgraded Jack Henry & Associates to a “hold” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $172.25.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.