Welcome to our dedicated page for Jack Henry & Associates news (Ticker: JKHY), a resource for investors and traders seeking the latest updates and insights on Jack Henry & Associates stock.
Jack Henry & Associates, Inc. (JKHY) delivers core banking technology and digital solutions to financial institutions nationwide. This news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
Access timely press releases, earnings reports, and product innovation announcements in one centralized location. Our curated collection simplifies tracking regulatory filings, partnership disclosures, and operational milestones relevant to JKHY's role in financial technology infrastructure.
Key updates include system enhancements for credit unions, risk management tool deployments, and digital banking platform expansions. All content is sourced from official channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of JKHY's technological advancements and industry contributions. Regular updates provide critical insights for evaluating the company's performance in the competitive fintech sector.
On December 7, 2021, Jack Henry & Associates (NASDAQ: JKHY) announced that Westmark Credit Union, with $1.02 billion in assets, will transition to Symitar's private cloud environment. This move aims to enhance operational efficiency, reduce maintenance burdens, and improve member service. Westmark chose Symitar for its flexible infrastructure, which offers automated workflows and easy integration with fintech services. Jack Henry reported a trend of credit unions moving from on-premise to cloud solutions, showcasing the growing preference for modern core systems in the financial services sector.
Jack Henry & Associates (NASDAQ: JKHY) announced a collaboration with Envestnet | Yodlee to enhance financial institutions' digital experiences. The partnership allows nearly 530 financial institutions using the Banno Digital Platform to integrate financial wellness applications powered by Yodlee. This integration improves user access to over 1,400 third-party applications while maintaining security. The collaboration aims to simplify consumers' financial management by enabling financial institutions to provide more personalized services, enhancing visibility into customer needs.
Jack Henry & Associates (NASDAQ: JKHY) announced its participation in several investor conferences in December 2021. CFO Kevin Williams will present at the Nasdaq 45th Annual Investor Conference on December 1 at 11:30 a.m. ET, and again on the same day at the Credit Suisse 25th Annual Technology Conference at 3:45 p.m. ET. Additionally, CEO David Foss will present at the Stephens Annual Investment Conference on December 2 at 12:00 p.m. ET, followed by the Raymond James Technology Investors Conference on December 8 at 8:00 a.m. ET, and the UBS Global TMT Virtual Conference at 9:00 a.m. ET.
On Nov. 23, 2021, Jack Henry & Associates (NASDAQ: JKHY) announced that its clients represent 67% of financial institutions on The Clearing House's RTP network. Currently, 118 out of 177 banks and credit unions are live through Jack Henry's JHA PayCenter, with an additional 87 in implementation. Since December 2019, these institutions have processed $325 million across 700,000 transactions. A recent webinar revealed that 37% of bankers plan to adopt RTP Send and Request for Payment within a year, indicating strong growth in demand for real-time payments.
Jack Henry & Associates (NASDAQ: JKHY) announced a quarterly cash dividend of $.46 per share, payable on December 23, 2021. Shareholders of record as of December 3, 2021 will receive this payment. On November 12, 2021, there were 74,042,218 shares outstanding. As a leading SaaS provider in the financial services sector, Jack Henry serves approximately 8,500 clients across three divisions, emphasizing innovative solutions and user-centricity.
Jack Henry & Associates (NASDAQ: JKHY) announced its participation in two significant investor conferences. David Foss, the CEO, will present at the RBC Capital Markets Global Technology Conference on November 17, 2021, at 10:15 a.m. ET. Kevin Williams, CFO, will present at the Citi 2021 FinTech Conference on November 18, 2021, at 11:15 a.m. ET. Live audio webcasts for both presentations will be available, and replays can be accessed post-event through their investor relations site.
Jack Henry & Associates (NASDAQ: JKHY) announced that Sunlight FCU has converted to its Symitar core, enhancing operational efficiency and expanding digital capabilities via the Banno Digital Platform. The partnership began in April 2020, focusing on reducing manual processes and hardware management.
Sunlight FCU aims to broaden its membership, particularly in underserved rural areas, while promoting financial literacy. The upgrade supports geographic expansion into northern Colorado and southern Montana, meeting modern banking needs for younger members.
Jack Henry & Associates (NASDAQ: JKHY) reported an 8% increase in GAAP revenue for Q1 FY2022, totaling $488.1 million, with operating income rising 14% to $133.6 million. The GAAP EPS reached $1.38, up from $1.19 YoY. Non-GAAP adjusted revenue also rose by 9% to $484.2 million, alongside a 16% increase in operating income. The company has forecasted FY2022 GAAP revenue between $1,910 million and $1,919 million, with EPS projected at $4.64 to $4.73. Cash decreased to $44.3 million from $195.3 million YoY, while debt rose to $65 million.
Jack Henry & Associates (NASDAQ: JKHY) announced the upcoming retirements of CFO Kevin Williams and CTO Ted Bilke, effective June 2022. An executive search will begin to find Williams' successor, while Ben Metz, currently Head of Digital, will take over as Chief Digital & Technology Officer in January 2022. Williams has been with the company for over 23 years, and Bilke for 16 years. Both executives have significantly contributed to the company's growth and innovation in the financial services sector. Jack Henry remains committed to a smooth leadership transition.
Jack Henry & Associates (NASDAQ: JKHY) has announced a partnership with Early Warning Services, LLC, operator of Zelle®, to enhance faster payment accessibility for minority-owned depository institutions (MDIs). This initiative includes a rebate program running until June 30, 2022, aimed at facilitating MDIs' connection to the Zelle Network® via JHA PayCenter™, Jack Henry's payments hub. The partnership underlines a commitment to improve financial health in underserved communities by providing modern financial tools to MDIs and their clients.
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