Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Jack Henry & Associates Inc (JKHY) stock reached a 52-week low, trading at 148.15 USD. This milestone reflects a significant downturn over the past year, with the company’s stock experiencing a 17.27% decrease in value. The decline highlights the challenges faced by the company in maintaining its market position amid fluctuating economic conditions. Investors are closely monitoring the situation, as the stock’s performance may indicate broader trends within the industry. According to InvestingPro data, the company maintains strong fundamentals with 7.21% revenue growth and robust cash flows. The stock currently appears slightly undervalued based on InvestingPro’s Fair Value analysis, with 8 additional exclusive ProTips available for subscribers.
In other recent news, Jack Henry & Associates reported its fourth-quarter earnings for fiscal year 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $1.75, which was higher than the anticipated $1.55, and its revenue reached $615.37 million, exceeding the forecast of $601.33 million. Additionally, Jack Henry’s Board of Directors declared a regular quarterly cash dividend of $0.58 per share, payable on September 26, 2025, to stockholders of record as of September 5, 2025. In a strategic move, Jack Henry expanded its partnership with MeridianLink to enhance digital lending and account opening capabilities for community banks and credit unions. This collaboration allows Jack Henry to resell MeridianLink’s suite of platform solutions, building on their existing relationship that serves over 500 financial institutions. Analyst firm DA Davidson lowered its price target for Jack Henry from $212 to $204, despite maintaining a Buy rating, citing that the company’s fourth-quarter results were "modestly above" their forecasts. These developments reflect the company’s ongoing efforts to strengthen its market position and financial performance.
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