Jack Henry & Associates (NASDAQ:JKHY) reported better-than-expected fourth-quarter financial results and issued FY27 GAAP EPS guidance above estimates, after the closing bell on Tuesday.
Jack Henry & Associates posted quarterly earnings of $1.57 per share, beating market estimates of $1.46 per share. The company’s sales came in at $644.023 million, versus estimates of $630.835 million.
Jack Henry & Associates said it sees FY2027 GAAP EPS of $7.33-$7.38, versus market estimates of $7.26. The company sees adjusted sales of $2.659 billion-$2.684 billion, versus expectations of $2.678 billion.
Greg Adelson, President and CEO said, “We are extremely pleased to report record sales and financial results for fiscal 2026. We delivered a record 58 competitive core wins for the year, including 14 institutions with more than $1 billion in assets, and both fourth-quarter and full-year non-GAAP revenue reached new highs. Technology spending remains strong, which is reflected in our robust sales pipeline as we continue to provide innovative solutions and expand the use of artificial intelligence to help banks and credit unions win in the markets they serve. As we enter fiscal 2027, we are well positioned to continue driving consistent revenue growth, margin expansion, and long-term value through our unwavering focus on culture, service, innovation, strategy, and execution.”
Jack Henry shares gained 1.8% to trade at $165.97 on Thursday.
These analysts made changes to their price targets on Jack Henry following earnings announcement.
- RBC Capital analyst Daniel R. Perlin maintained the stock with an Outperform rating and raised the price target from $173 to $178.
- Barclays analyst Nik Cremo maintained the stock with an Overweight rating and raised the price target from $170 to $185.
- UBS analyst Timothy Chiodo maintained the stock with a Neutral and raised the price target from $165 to $170.
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