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

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

Jack Henry & Associates Stock Up 2.1%

JKHY traded up $3.09 on Tuesday, hitting $152.96. The company had a trading volume of 1,366,083 shares, compared to its average volume of 1,190,049. The stock has a fifty day simple moving average of $144.30 and a 200-day simple moving average of $151.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $10.87 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.16 and a beta of 0.55. Jack Henry & Associates has a 52-week low of $121.04 and a 52-week high of $193.39.

Wall Street Analyst Weigh In

JKHY has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research note on Friday, May 8th. DA Davidson restated a “buy” rating and set 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 Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.71.

Institutional Inflows and Outflows

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

About Jack Henry & Associates

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.