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

Key Points

• Jack Henry & Associates beat quarterly expectations: The company reported $1.57 in EPS, $0.10 above consensus, while revenue reached $633.1 million versus estimates of $631.6 million. It also updated its FY 2027 EPS guidance to $7.33–$7.38.
• Shares rose 2.2% to $153.12 following the results. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $185.71.
• Institutional investors and hedge funds own 98.75% of the stock, with several major firms significantly increasing their stakes in recent quarters.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) announced its earnings results on Tuesday. The technology company reported $1.57 EPS for the quarter, beating 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 business had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates updated its FY 2027 guidance to 7.330-7.380 EPS.

Jack Henry & Associates Stock Up 2.2%

Shares of JKHY traded up $3.25 during trading hours on Tuesday, reaching $153.12. The company's stock had a trading volume of 1,360,333 shares, compared to its average volume of 1,190,049. The company has a 50 day moving average of $144.30 and a two-hundred day moving average of $151.43. 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 P/E/G ratio of 2.16 and a beta of 0.55. Jack Henry & Associates has a 1-year low of $121.04 and a 1-year high of $193.39.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 purchasing an additional 831,372 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Jack Henry & Associates by 560.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company's stock worth $101,656,000 after acquiring an additional 472,698 shares in the last quarter. UBS Group AG increased its holdings in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company's stock valued at $126,144,000 after acquiring an additional 364,878 shares during the last quarter. Caisse de depot et placement du Quebec increased its holdings in shares of Jack Henry & Associates by 880.6% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company's stock valued at $47,374,000 after acquiring an additional 285,656 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Jack Henry & Associates by 9.5% in the 3rd 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 in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on JKHY shares. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Monday, June 29th. DA Davidson restated a "buy" rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th. The Goldman Sachs Group lowered their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a "neutral" rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Two research 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 company. According to MarketBeat, Jack Henry & Associates 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.

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