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Jack Henry & Associates - JKHY STOCK NEWS

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.

Overview of Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. is a well-established financial technology company that provides integrated core processing and digital banking solutions to commercial banks, credit unions, and other financial institutions. Its industry-specific software systems offer comprehensive support for deposit, loan, and general ledger processing, while also ensuring centralized customer data management. The company operates within the competitive digital banking and fintech sectors, positioning itself as a major provider for the small to midsize financial institution market.

Core Business and Platforms

At the heart of Jack Henry's operations is a suite of robust, scalable platforms designed to streamline banking operations. These include three prominent banking platforms tailored for different types of financial institutions and two specialized credit union platforms. By offering diversified software solutions such as integrated applications for transactional processing alongside complementary technologies, Jack Henry addresses the operational needs of its clients while enhancing efficiency and security.

Complementary Services and Solutions

In addition to core system processing, Jack Henry extends its service offering with a range of value-added products. Its portfolio includes business intelligence and management solutions, retail delivery capabilities, EFT services, internet banking solutions, risk management systems, document imaging, and payment processing modules. These services are crafted to support banks and credit unions by reducing operational risks, mitigating costs, and expanding service capabilities through an open, modern, and customizable technology ecosystem.

Operational Excellence and Customer Focus

Jack Henry places a strong emphasis on the user centricity and openness of its solutions, ensuring that even community-based financial institutions can leverage modern technology to remain competitive. Known for its collaborative approach, the company integrates well with leading fintech partners, fostering innovation and continuous improvement within its service offerings. This strategy is supported through both on-premise and cloud-hosted solutions, which drive operational efficiency and streamline processes across the board.

Market Position and Strategic Importance

Serving a diverse client base that includes hundreds of banks and credit unions, Jack Henry holds a significant position in the financial technology space. It is renowned for its ability to deliver high-quality, user-friendly, and secure solutions that are crucial for routine banking operations and regulatory compliance. The company has consistently demonstrated its expertise by supporting institutional mergers, facilitating data conversion during acquisitions, and offering modern digital payment solutions. This robust ecosystem not only helps banks and credit unions manage their daily operations but also positions them to address emerging market challenges through advanced technological integration.

Technological Integration and Industry Impact

Through its vibrant ecosystem of internally developed capabilities and open architecture, Jack Henry empowers financial institutions to innovate rapidly. The company’s technology enables seamless integration with third-party fintech services, providing flexibility and scalability required for dynamic market conditions. Its emphasis on a customizable platform means that clients enjoy tailored solutions that address specific operational needs, from improving customer interactions to enhancing back-end processing and risk management.

Overall, Jack Henry & Associates, Inc. is distinguished by its expert handling of complex financial processes, its comprehensive suite of integrated solutions, and a commitment to empowering financial institutions through innovative technology. Its multi-faceted approach addresses operational challenges head-on, thereby facilitating faster innovation, efficient service delivery, and enhanced customer experience without compromising on security or reliability.

News
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Jack Henry & Associates (Nasdaq: JKHY) has announced its upcoming 2024 Investor Day, scheduled for Thursday, Sept. 5, 2024. The event will commence at 1 p.m. CT (2 p.m. ET) and feature presentations from the company's senior leadership team, followed by Q&A sessions.

Investors and interested parties can access a live audio broadcast and presentation materials through Jack Henry's Investor Relations website. For those unable to attend the live event, an on-demand replay will be made available after the conclusion of the Investor Day.

This annual event provides an opportunity for stakeholders to gain insights into Jack Henry's strategies, performance, and future outlook directly from the company's top executives.

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Jack Henry & Associates (NASDAQ: JKHY) has announced a regular quarterly cash dividend of $0.55 per share. The dividend will be paid on September 27, 2024, to stockholders of record as of September 6, 2024. This declaration by the Board of Directors maintains the company's consistent dividend policy, demonstrating its commitment to returning value to shareholders. The dividend applies to JKHY's common stock, which has a par value of $0.01 per share.

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Jack Henry & Associates reported its Q4 and full year fiscal 2024 results. GAAP revenue for Q4 increased by 4.7% to $559.9 million, and for the fiscal year, it rose by 6.6% to $2.22 billion. Non-GAAP adjusted revenue for Q4 grew by 6.4% to $553.2 million, and for the fiscal year, it was up by 7.4% to $2.2 billion. GAAP EPS for Q4 was $1.38, up from $1.34 in the prior year, while fiscal year EPS was $5.23 compared to $5.02 last year. Full-year guidance for fiscal 2025 projects revenue between $2.369 billion and $2.391 billion, with a GAAP EPS range of $5.78 to $5.87.

Services and support revenue increased by 1.5% for Q4 and 5.0% for the fiscal year. Processing revenue saw a rise of 9.2% for Q4 and 8.9% for the year. Operating income for Q4 was up by 1.2% to $125.6 million and for the year it grew by 1.8% to $489.4 million. Net income for Q4 increased by 3.4% to $101.1 million and by 4.1% to $381.8 million for the year.

The company highlighted robust technology spending and demand for innovative solutions as key factors driving growth. Cash and cash equivalents at the end of the fiscal year were $38 million, with an outstanding debt of $150 million related to credit facilities.

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TwinStar Credit Union continues its long-standing relationship with Jack Henry (Nasdaq: JKHY) following a successful merger with Northwest Community Credit Union (NWCU). The merged entity, operating under the TwinStar name, now serves over 250,000 members across Washington and Oregon, with $4.3 billion in assets, 36 locations, and more than 700 employees.

TwinStar's decision to maintain its partnership with Jack Henry is attributed to the company's open, scalable technology and strong leadership support. The credit union has experienced significant growth since joining Jack Henry in 1987, expanding from $50 million to $2.2 billion in assets pre-merger. TwinStar CEO Jeff Kennedy praised Jack Henry's unified strategy for providing the freedom to innovate and deliver value without constraints.

The partnership aims to support TwinStar's long-term growth goals, enhance member service, and maintain relevance in a competitive market, particularly among younger generations.

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Jack Henry & Associates (Nasdaq: JKHY) reported its fourth quarter 2024 deconversion revenue results. The company announced $6.7 million in deconversion revenue for the fiscal fourth quarter ended June 30, 2024, and $16.6 million for the full fiscal year 2024. Deconversion revenue primarily occurs when a Jack Henry customer is acquired by another financial institution, leading to contract termination. The company excludes this revenue from non-GAAP reports as it doesn't represent ongoing business operations. For updated guidance on deconversion revenue estimates, investors are directed to Jack Henry's August 3, 2023 Form 8-K filing with the SEC.

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Jack Henry & Associates (NASDAQ: JKHY) has announced its upcoming fourth quarter and fiscal year-end 2024 earnings call, scheduled for August 21, 2024. The company will release its earnings press release after market close on August 20, 2024. The live webcast will begin at 7:45 a.m. Central Time on the company's website. Investors can access the call via US dial-in number 833-630-0605 or international number +1 412-317-1830.

Additionally, Jack Henry will release its fourth quarter 2024 deconversion revenue results separately, with the press release scheduled for after market close on August 12, 2024. This early release of deconversion revenue data precedes the full quarterly earnings report.

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Jack Henry & Associates Inc. (Nasdaq: JKHY) has appointed Tammy LoCascio and Lisa Nelson to its Board of Directors on July 22, 2024. The company has temporarily expanded its Board from nine to ten directors until the 2024 Annual Meeting of Stockholders. LoCascio, 55, is the Senior Executive VP and COO of First Horizon , bringing expertise in banking strategy, technology, operations, and human capital management. Nelson, 61, is the President of Equifax Inc. International business, offering experience in managing technology companies, strategic acquisitions, and growth initiatives. Both appointments aim to add unique perspectives and expertise to Jack Henry's Board.

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Jack Henry (Nasdaq: JKHY) reports significant growth for three de novo banks in the Southeastern U.S. - Craft Bank, RockPointBank, and Moultrie Bank & Trust. These banks, established within the last four years, have experienced steady growth using Jack Henry's modern technology platform. Key factors contributing to their success include:

  • Local ownership and decision-making
  • Rapid population growth in the Southeast
  • Jack Henry's robust technology solutions

Craft Bank ($230M assets) and RockPointBank ($280M assets) focus on serving SMBs, while Moultrie Bank & Trust ($100M assets) caters to both retail and commercial customers. All three banks highlight Jack Henry's role in enabling them to compete with larger institutions while providing personalized banking experiences.

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Jack Henry (Nasdaq: JKHY) has been named one of America's best mid-size companies for 2024 by TIME and Statista. The recognition highlights the company's strong performance in employee satisfaction, revenue growth, and sustainability. Jack Henry, known for its commitment to taking care of associates, servicing clients, bettering communities, and rewarding shareholders, was evaluated based on 15 criteria across three dimensions: employee satisfaction, revenue growth, and sustainability transparency. CEO Greg Adelson expressed pride in the achievement, which aligns with Jack Henry's recent recognition as one of the 2024 – 2025 Best Companies to Work For by U.S. News & World Report.

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Jack Henry, a technology solutions provider, announced that First Federal Bank of Kansas City (FFBKC) has selected its services to drive growth and innovation. FFBKC, a mutual bank with $960 million in assets, aims to enhance customer experience and expand its small business services, particularly in real estate. Jack Henry's hosted core processing solution and Banno Digital Platform will streamline operations and improve digital banking for retail and commercial customers. The bank's expansion plan includes offering loans to SMBs, supported by Jack Henry's enterprise solutions like treasury, document, and workflow management, and LoanVantage for commercial real estate lending. Both companies share a strong local community focus, and the partnership will help FFBKC surpass $1 billion in assets while remaining agile and responsive to market opportunities.

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FAQ

What is the current stock price of Jack Henry & Associates (JKHY)?

The current stock price of Jack Henry & Associates (JKHY) is $169.36 as of April 7, 2025.

What is the market cap of Jack Henry & Associates (JKHY)?

The market cap of Jack Henry & Associates (JKHY) is approximately 13.3B.

What is the primary business of Jack Henry & Associates, Inc.?

Jack Henry provides integrated core processing and digital banking solutions for banks and credit unions, enabling efficient management of deposits, loans, and customer data.

Which platforms does Jack Henry offer to its clients?

The company offers several banking platforms tailored to different segments, including dedicated platforms for commercial banks and specialized platforms for credit unions, along with complementary digital solutions.

What types of complementary services does Jack Henry provide?

In addition to core systems, Jack Henry delivers business intelligence, risk management, payment processing, internet banking services, EFT solutions, and document imaging to enhance operational efficiency.

Who are the primary customers of Jack Henry?

The company primarily serves small to midsize commercial banks and credit unions, focusing on institutions that require scalable, secure, and innovative technological solutions.

How does Jack Henry differentiate itself in the fintech market?

Jack Henry differentiates itself through its open technology ecosystem, customizable service offerings, strong customer support, and its ability to seamlessly integrate with leading fintech partners.

What role does Jack Henry play during bank mergers or acquisitions?

Jack Henry supports institutions during mergers and acquisitions by ensuring smooth data conversion, system integration, and maintaining a consistent member experience across platforms.

How does Jack Henry ensure the security and efficiency of its solutions?

The company deploys modern digital security protocols and scalable, cloud-based architectures to mitigate operational risks and streamline banking processes, ensuring robust performance and high reliability.

What is the significance of Jack Henry's open ecosystem approach?

Their open ecosystem approach fosters collaboration, allowing financial institutions to integrate third-party fintech services, enhance innovation, and customize solutions to meet specific operational needs.
Jack Henry & Associates

Nasdaq:JKHY

JKHY Rankings

JKHY Stock Data

13.32B
72.44M
0.63%
99.96%
3.82%
Information Technology Services
Services-computer Integrated Systems Design
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United States
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