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Jack Henry & Associates Inc. ($JKHY) Stock Forecast: Up 1.2% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Jack Henry & Associates Inc.?

Jack Henry & Associates (JKHY) provides technology solutions for the financial services industry, focusing on enhancing the efficiency and effectiveness of banks and credit unions through its range of software and services.

Why is Jack Henry & Associates Inc. going up?

JKHY stock is up 1.2% on May 8, 2024 14:41

  • JKHY stock surged significantly after the release of its third-quarter earnings.
  • Despite falling short of revenue expectations, the company exceeded earnings per share projections, underscoring its strong profitability and operational efficiency.
  • Investors responded positively to the overall financial performance of the company, which indicated revenue and operating income growth across both GAAP and non-GAAP metrics.
  • The market's favorable reaction can be attributed to JKHY's robust bottom-line results and its ability to showcase resilience in a challenging economic landscape.

JKHY Price Chart

JKHY News

JKHY Stock Earnings: Jack Henry & Associates Beats EPS, Misses Revenue for Q3 2024

Jack Henry & Associates (NASDAQ: JKHY ) just reported results for the third quarter of 2024. Jack Henry & Associates reported earnings per share of $1.19. This was above the analyst estimate for EPS of $1.17. The company reported revenue of $538.56 million. This was 0.70% worse than the analyst estimate for revenue of $542.36 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.

https://investorplace.com/earning-results/2024/05/jkhy-stock-earnings-jack-henry-associates-for-q3-of-2024/

News Article Image JKHY Stock Earnings: Jack Henry & Associates Beats EPS, Misses Revenue for Q3 2024

Jack Henry & Associates, Inc. Bottom Line Climbs In Q3, Beats estimates

WASHINGTON (dpa-AFX) - Jack Henry & Associates, Inc. (JKHY) revealed a profit for its third quarter that increased from last year and beat the Street estimates.The company''s earnings came in at $8…

https://www.finanznachrichten.de/nachrichten-2024-05/62166158-jack-henry-associates-inc-bottom-line-climbs-in-q3-beats-estimates-020.htm

News Article Image Jack Henry & Associates, Inc. Bottom Line Climbs In Q3, Beats estimates

Jack Henry & Associates, Inc. Reports Third Quarter Fiscal 2024 Results

Third quarter summary: GAAP revenue increased 5.9% and GAAP operating income increased 3.4% for the fiscal three months ended March 31, 2024, compared to the prior fiscal year quarter. Non-GAAP adjusted revenue increased 7.0% and non-GAAP adjusted operating income increased 8.6% for the…

https://www.prnewswire.com/news-releases/jack-henry--associates-inc-reports-third-quarter-fiscal-2024-results-302138809.html

News Article Image Jack Henry & Associates, Inc. Reports Third Quarter Fiscal 2024 Results

Jack Henry & Associates Inc. Price History

08.04.2024 - JKHY Stock was up 1.2%

  • JKHY stock surged significantly after the release of its third-quarter earnings.
  • Despite falling short of revenue expectations, the company exceeded earnings per share projections, underscoring its strong profitability and operational efficiency.
  • Investors responded positively to the overall financial performance of the company, which indicated revenue and operating income growth across both GAAP and non-GAAP metrics.
  • The market's favorable reaction can be attributed to JKHY's robust bottom-line results and its ability to showcase resilience in a challenging economic landscape.

07.01.2024 - JKHY Stock was up 4.1%

  • The bullish movement in JKHY today can be attributed to the following factors:
  • 1. Higher demand for fintech products: The increase in profit and solid growth reported by Jack Henry & Associates in their Q2 fiscal 2024 results indicates a strong demand for their fintech products. This positive performance likely contributed to the bullish movement in the stock.
  • 2. Beat earnings estimates: Jack Henry & Associates exceeded earnings expectations, reporting an EPS of $1.22 compared to an estimate of $1.14. This positive surprise may have attracted investors and contributed to the bullish market movement.
  • 3. Strength across segments: The anticipation of strong results in the Core, Payments, and Complementary segments of Jack Henry's business for the second quarter of fiscal 2024 could have boosted investor confidence and led to the bullish movement in the stock.
  • Overall, the bullish market movement in JKHY today can be attributed to the company's strong financial performance, exceeding earnings estimates, and the anticipation of positive results across its various business segments.

08.10.2023 - JKHY Stock was up 5.0%

  • Jack Henry & Associates reported a rise in its first-quarter revenue, indicating strong financial performance.
  • The company's earnings beat estimated earnings by 5.3%, with GAAP EPS exceeding expectations.
  • Steady growth in its processing, services, and support segments contributed to the positive market movement.
  • The announcement of the company's strong financial results likely boosted investor confidence and drove the bullish market movement.

08.10.2023 - JKHY Stock was up 3.1%

  • JKHY reported better-than-expected Q1 results, with revenue beating estimates and GAAP EPS exceeding expectations.
  • The steady growth in JKHY's processing as well as services and support segments contributed to the bullish movement.
  • The company's strong earnings performance and beating estimated earnings by 5.3% likely boosted investor confidence in the stock.
  • The overall market sentiment, with a fresh oil price slide and Treasury debt sales, may have also influenced the bullish movement in JKHY.

16.07.2023 - JKHY Stock was down 7.0%

  • The bearish movement in JKHY's stock today could be attributed to the following factors:
  • 1. Disappointing Q4 earnings: The consensus EPS estimate for Jack Henry & Associates' Q4 earnings was $1.18, representing a 7.3% year-over-year growth. If the actual earnings fell short of this estimate, it could have led to a negative market reaction and a bearish movement in the stock.
  • 2. Lack of positive guidance: Investors were hoping for positive guidance or forecasted growth from Jack Henry & Associates. If the company failed to provide such guidance during their earnings announcement, it could have dampened investor sentiment and contributed to the bearish market movement.
  • 3. Market expectations: The market might have had high expectations for Jack Henry & Associates' Q4 earnings, given the strength across its various segments. If the actual results did not meet these heightened expectations, it could have triggered a sell-off and resulted in a bearish market movement.
  • 4. Overall market conditions: It's also important to consider the broader market conditions. If there was a general bearish sentiment in the market or negative news impacting the financial technology sector, it could have influenced the bearish movement in JKHY's stock.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.