STOCK TITAN

Henry (Jack) & Associates - JKHY STOCK NEWS

Welcome to our dedicated page for Henry (Jack) & Associates news (Ticker: JKHY), a resource for investors and traders seeking the latest updates and insights on Henry (Jack) & Associates stock.

Jack Henry & Associates, Inc.® (Nasdaq: JKHY) is a prominent financial technology company that has been empowering financial institutions for over 47 years. Known for its commitment to openness, collaboration, and user-centric solutions, Jack Henry provides core processing and complementary services to nearly 7,500 clients, including banks and credit unions, primarily in the United States. The company's robust suite of products and services includes core banking platforms like SilverLake, CIF 20/20, and Core Director, as well as credit union platforms such as Episys and Cruise.

Jack Henry's integrated computer systems support in-house and outsourced data processing, covering crucial aspects like deposit, loan, and general ledger transactions. The company's offerings extend to business intelligence and management solutions, internet banking, EFT solutions, risk management, item and document imaging, payment processing solutions, and professional services.

Recent achievements highlight Jack Henry's continuous innovation. The company's digital banking platform Banno recently integrated with Bits of Stock, allowing community financial institutions to offer stock rewards to customers. This integration enhances Jack Henry's ecosystem of over 950 fintechs, bringing modern financial products to approximately 7,500 financial institutions.

In fiscal second quarter 2024, Jack Henry reported deconversion revenue of $4.9 million, with full-year guidance maintaining estimates at $16 million. Deconversion revenue, typically arising from customer acquisitions by other institutions, is not reflective of Jack Henry's core operations but is significant for financial reporting.

Notable partnerships include Legacy Bank & Trust, which doubled its asset size by leveraging Jack Henry's scalable hosted core processing solution, and United Bank, which selected Jack Henry to modernize operations and improve customer experience through tools like the Banno Digital Platform™ and LoanVantage®. Additionally, the successful merger of UniWyo Credit Union and Reliant Federal Credit Union was facilitated by Jack Henry's seamless data conversion and integration capabilities, showcasing the company's ability to support significant transformation projects.

As an S&P 500 company, Jack Henry remains dedicated to helping clients innovate, differentiate, and compete effectively in the evolving financial landscape. The company's people-inspired innovation and personal service continue to reduce barriers to financial health, fostering strong connections between financial institutions and the communities they serve. For more information, visit the official website at www.jackhenry.com.

Rhea-AI Summary

Jack Henry has announced its participation in upcoming investor conferences. Greg Adelson, President & COO, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29 at 10 a.m. ET. Mimi Carsley, CFO & Treasurer, will speak at the William Blair Growth Stock Conference on June 6 at 1 p.m. ET. Both presentations will be webcast live, with replays available afterward on the company's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.58%
Tags
conferences
-
Rhea-AI Summary

Jack Henry has introduced a new Daily Dashboard to enhance its Financial Performance Suite, providing banks and credit unions with daily insights into financial, operational, and performance metrics. The cloud-native platform offers various tools to monitor budgeting, financial reporting, board reporting, profitability analysis, loans, deposits, and more. The Daily Dashboard aims to improve visibility and decision-making for financial institutions by offering detailed insights into key areas.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
none
-
Rhea-AI Summary

Jack Henry & Associates, Inc. declared a regular quarterly cash dividend of $.55 per share payable on June 17, 2024, to stockholders of record as of May 28, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
dividends
Rhea-AI Summary

Jack Henry & Associates, Inc. reported positive financial results for the third quarter of fiscal 2024, with increases in revenue and operating income compared to the prior year. The company also provided updated guidance for the full fiscal year, showcasing growth in revenue and operating margin. CEO David Foss highlighted the strong sales performance and innovative solutions offered to financial institutions. The company's cash position improved, while debt decreased, contributing to a favorable balance sheet. Overall, Jack Henry & Associates, Inc. demonstrated solid performance and strategic positioning in the financial technology sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
-
Rhea-AI Summary

Jack Henry (Nasdaq: JKHY) announced that New Peoples Bank is utilizing their technology to enhance customer experiences and drive growth. The bank, with $800 million in assets and 17 branches across multiple states, has invested in Jack Henry's core processing solution and Banno Digital Platform to streamline operations, optimize services, and deliver a seamless experience. This strategic move aims to position the bank for scalability and continued community support.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
-
Rhea-AI Summary

Jack Henry & Associates, Inc. announced $0.8 million in deconversion revenue for the fiscal third quarter of 2024, with full-year guidance at $16 million. Deconversion revenue is excluded from non-GAAP revenue due to factors beyond the company's control.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
Rhea-AI Summary

Jack Henry's 2024 Strategy Benchmark revealed that community and regional financial institutions are prioritizing growing deposits and enhancing operational efficiency due to rising deposit costs. The survey highlighted the importance of technology investments in areas such as fraud detection, digital banking, and data analytics. Key findings include plans to expand services for small businesses, enhance lending solutions, add payment services, and embed fintech into digital banking experiences.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
none
-
Rhea-AI Summary
UniWyo Credit Union successfully completed a merger with Reliant Federal Credit Union, with the help of Jack Henry, resulting in the second-largest credit union in Wyoming with $700 million in assets and 57,000 members. The merger was smooth due to Jack Henry's technology, leading to efficiency gains and future growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
-
Rhea-AI Summary
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) will host a live webcast of its third quarter 2024 earnings conference call on May 8, 2024. The press release for third quarter 2024 earnings will be issued on May 7, 2024. The webcast can be accessed on their website, with dial-in information provided for participants. Quarterly deconversion revenue results will also be released before the full earnings report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
Rhea-AI Summary
United Bank partners with Jack Henry to enhance customer experience, streamline operations, and support growth. The bank's focus on community development and unique lending programs sets it apart in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none

FAQ

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

The current stock price of Henry (Jack) & Associates (JKHY) is $176.74 as of December 20, 2024.

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

The market cap of Henry (Jack) & Associates (JKHY) is approximately 12.8B.

What services does Jack Henry & Associates provide?

Jack Henry & Associates offers core processing systems, electronic funds transfer, payment processing, and loan processing services to banks and credit unions.

What are the core banking platforms provided by Jack Henry?

Jack Henry provides several core banking platforms, including SilverLake, CIF 20/20, and Core Director.

How does Jack Henry support financial institutions with their technology needs?

Jack Henry offers a vibrant ecosystem of modern capabilities and integrates with leading fintechs to help financial institutions innovate and compete effectively.

What recent integrations have been developed by Jack Henry?

Jack Henry recently integrated with Bits of Stock, enabling community financial institutions to offer stock rewards through the Banno Digital Platform™.

How does Jack Henry maintain its financial growth?

Jack Henry maintains financial growth through continuous innovation, strategic partnerships, and expansion of its product ecosystem, serving nearly 7,500 clients.

What is deconversion revenue and its significance for Jack Henry?

Deconversion revenue is generated when Jack Henry's customers are acquired by other institutions, resulting in the termination of existing contracts. While significant for financial reporting, it does not reflect the company's core operations.

Can you name a few financial institutions that have partnered with Jack Henry?

Legacy Bank & Trust, United Bank, and UniWyo Credit Union are among the financial institutions that have partnered with Jack Henry for technology solutions and operational improvements.

How does Jack Henry support the growth of banks like Legacy Bank & Trust?

Jack Henry supports growth by providing scalable hosted core processing solutions and new tools for operational efficiencies and security enhancements.

What is the role of the Banno Digital Platform™ in Jack Henry's offerings?

The Banno Digital Platform™ enhances customer experience by integrating advanced digital banking solutions, including rewards programs like those offered through the partnership with Bits of Stock.

What makes Jack Henry a prominent player in financial technology?

Jack Henry's long-standing reputation, extensive ecosystem, innovative solutions, and commitment to client success make it a leader in financial technology.

Henry (Jack) & Associates

Nasdaq:JKHY

JKHY Rankings

JKHY Stock Data

12.79B
72.50M
0.63%
97.63%
2.19%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
MONETT