Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Jack Henry & Associates Inc. stock recently reached a 52-week low, touching a price of $150.61. This milestone reflects a challenging period for the company, as its stock has experienced a 12.85% decrease over the past year. The decline in stock value comes amid broader market fluctuations and sector-specific challenges, impacting investor sentiment. As the company navigates these hurdles, market analysts and investors will be keenly observing any strategic moves or changes in financial performance that could influence Jack Henry & Associates’ stock trajectory in the coming months.
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 (EPS) of $1.75, exceeding the forecasted $1.55, and generated revenue of $615.37 million, surpassing the expected $601.33 million. Despite these positive results, DA Davidson lowered its price target for Jack Henry from $212 to $204, while maintaining a Buy rating, citing results that were "modestly above" forecasts. Additionally, Jack Henry announced a regular quarterly cash dividend of $0.58 per share, payable on September 26, 2025, to stockholders of record as of September 5, 2025.
Furthermore, Jack Henry and MeridianLink expanded their partnership to enhance digital lending and account opening capabilities for community banks and credit unions. Under this expanded agreement, Jack Henry will resell MeridianLink’s suite of platform solutions, including MeridianLink Mortgage and MeridianLink Consumer. This collaboration builds on their existing alliance, which currently serves over 500 financial institutions. These recent developments highlight Jack Henry’s ongoing efforts to strengthen its offerings and partnerships in the financial technology sector.
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