Jack Henry falls as fiscal 2027 outlook misses market expectations
AnalystPrice Action
Fintech firm Jack Henry & Associates fell, with its share price at $155.80, down $8.75 or 5.32% from the previous day. The company held an investor day, and sentiment soured as its outlook for fiscal 2027 revenue and free cash flow fell short of market expectations. It projects fiscal 2027 free cash flow of $410 million to $520 million, below the expected $502.5 million. Revenue is projected at $2.659 billion to $2.684 billion, below the market expectation of $2.689 billion. The company mainly provides financial technology products and services to regional banks, community banks, and credit unions.
