Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Shares of Jack Henry & Associates Inc. (JKHY) have reached a new 52-week low, closing at $157.75. This development marks a significant milestone for the company, as the stock has experienced a decline over the past year. Specifically, Jack Henry & Associates has seen a 1-year change of -10.75%, reflecting challenges faced by the company in the current market environment. This 52-week low underscores investor concerns and market pressures that have impacted the company’s stock performance, despite trading below its InvestingPro Fair Value estimate. As the company navigates these conditions, stakeholders will be closely monitoring any strategic moves or market shifts that could influence future valuations. For deeper insights into JKHY’s valuation and growth prospects, investors can access comprehensive Pro Research Reports, available exclusively on InvestingPro.
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, exceeding the projected $1.55, and reported revenue of $615.37 million, which was higher than the anticipated $601.33 million. Additionally, the 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 terms of partnerships, Jack Henry and MeridianLink announced an expansion of their long-standing collaboration to enhance digital lending and account opening capabilities for community banks and credit unions. This expanded agreement allows Jack Henry to resell MeridianLink’s suite of platform solutions. Analyst firm DA Davidson recently adjusted its price target for Jack Henry to $204 from $212 while maintaining a Buy rating, noting the company’s fiscal fourth-quarter results were "modestly above" their forecasts. These developments reflect the company’s ongoing efforts to strengthen its market position and enhance its offerings.
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