Jack Henry jumps after quarterly profit, revenue top estimates
BUZZ-Jack Henry jumps after quarterly profit, revenue top estimates ** Shares of financial technology firm Jack Henry & Associates JKHY.O rise 8% to $165.5
** Co after markets close on Tuesday reported Q4 profit of $1.57 per share vs analysts' average estimate of $1.46 - data compiled by LSEG
** JKHY reported Q4 revenue of about $644 million vs estimates of $630.8 million
** "We believe recent changes in the competitive environment strengthened Jack Henry's positioning and new‑business backdrop," Oppenheimer says
** 12 of 17 analysts rate stock "strong buy" or "buy", four "hold" and one "sell"; their median PT is $192 - LSEG data
** Including session's move, stock down 9.2% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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Jack Henry jumps after quarterly profit, revenue top estimates