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Is Jkhy a buy?
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
What industry is Jkhy in?
financial servicesJack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
What does Jack Henry company do?
Jack Henry & Associates, Inc. is an American technology company and payment processing service for the financial services industry. It serves more than 9,000 customers nationwide, and operates through three primary brands. Headquartered in Monett, Missouri, JHA made $1.55 billion in annual revenue during fiscal 2019.
Is Jack Henry Associates publicly traded?
Jack Henry & Associates (Nasdaq: JKHY) has been a publicly traded company since 1985.
Which banks use Jack Henry?
Companies using Jack Henry Banking SilverLake System for Core Banking include: Rolling Hills Bank & Trust, a United States based Banking and Financial Services organisation with 70 employees and revenues of $900.0 million, South State Bank, a United States based Banking and Financial Services organisation with 2600 ...
Is Jack Henry a Fortune 500 company?
About Jack Henry & Associates Inc We are a S&P 500 company that serves approximately 8,500 clients nationwide through three divisions: Jack Henry Banking® provides innovative solutions to community and regional banks.
Who are Jack Henrys competitors?
Jack Henry & Associates competitors include Fiserv, FIS, CheckAlt, INCORTA and Trident.
How many banks does Jack Henry have?
Today, we support approximately 1,000 banks ranging from de novo to multi-billion dollar institutions – including more than 20% of all banks exceeding $1 billion in assets – with market-leading in-house and outsourced core processing solutions.
Is Jack Henry a FinTech company?
MONETT, Mo., June 2, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) has been named one of the 2022 Best Places to Work in Financial Technology by Arizent and Best Companies Group. This is the fifth consecutive year that the company has made the list.
Who uses Jack Henry and Associates?
We have data on 2,034 companies that use Jack Henry & Associates....Who uses Jack Henry & Associates?CompanySAG-AFTRACountryUnited StatesRevenue100M-200MCompany Size500-1000CompanyDarden Restaurants, Inc.13 more rows
Is Jack Henry a good place to work?
Is Jack Henry & Associates a good company to work for? Jack Henry & Associates has an overall rating of 3.9 out of 5, based on over 904 reviews left anonymously by employees. 75% of employees would recommend working at Jack Henry & Associates to a friend and 71% have a positive outlook for the business.
How many people work for Jack Henry?
In 1976, Jack Henry & Associates (JHA) was founded on the premise that strong relationships and sound technology go hand-in-hand. Today, with approximately 8,500 customers and more than 6,800 associates, we combine this idea with the pursuit of one common goal – excellence in financial services.
How much will Jack Henry make in 2021?
Peering ahead through the rest of fiscal 2021, Jack Henry advised last night that it expects to earn between $3.85 and $3.90 per share this year, on sales of $1.76 billion or $1.77 billion.
Is Jack Henry growing its business?
In short, what we seem to be seeing here is investors upset with Jack Henry for not growing its business faster than analysts had promised it would. The fact that Jack Henry is managing to hold its earnings steady -- or even grow them a bit -- in the middle of a recession seems to be winning the stock no credit at all.
The fintech specialist reported disappointing quarterly results and issued lackluster guidance
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Jack Henry & Associates ( NASDAQ:JKHY) have plunged today, down by 12% as of 12:30 p.m. EDT, after the company reported fiscal fourth-quarter earnings. Disappointing sales and guidance overshadowed better-than-expected profits.
So what
Revenue in the fiscal fourth quarter came in at $410.5 million, which missed the consensus estimate of $412.6 million in sales. That resulted in earnings per share of $0.80, ahead of the $0.78 per share in profits that analysts were modeling for. The fintech company ended the quarter with $213.3 million in cash.
Now what
The COVID-19 pandemic hurt card processing transaction volumes early in the quarter, and some of the headwinds around installations and transactions are expected to persist into the new fiscal year.
Top-Line in Detail
Services & Support: The company generated revenues of $247.2 million from this category (60% of revenues). Notably, the figure improved 3% from the year-ago quarter, courtesy of increase in data processing and hosting fees.
Segments in Detail
Core: The company generated revenues of $141.5 million from this segment (34.5% of total revenues), improving4% year over year. Payments: This segment yielded revenues of$145.5million (35.4% of total revenues), increasing3% from the year-ago quarter. Complementary: This segment generated $114 million revenues (27.8% of total revenues), increasing 9% year over year. Corporate & Other: The company generated revenues of $9.5 million from this segment (2.3% of total revenues), down12% from the prior-year quarter..
Operating Details
In fourth-quarter fiscal 2020, total operating expenses were $333.7million, reflecting an improvement of 6% year over year. This can primarily be attributed to rising headcounts, which led to an increase in personnel costs and salaries, and rising costs related to the company’s card processing platform.
Balance Sheet
As of Jun 30, 2020, cash and cash equivalents totaled $213.3 million, which improved from $109.5 million as of Mar 31, 2020.
Guidance
For fiscal year 2021, the company projects GAAP revenues between $1.75 billion and $1.77 billion. The company anticipates non-GAAP revenues to exhibit year-over-year growth between 5.5% and 6.5%. Further, earnings per share for fiscal 2021 are expected within the range of $3.70-$3.75.
Jack Henry's Q4 Earnings Beat
Jack Henry & Associates reported fourth-quarter fiscal 2021 earnings of $1.04 per share, which surpassed the Zacks Consensus Estimate by 11.8%. Further, the bottom line increased 9.5% sequentially and 30% year over year. Revenues improved 10% year over year and 3.8% sequentially to $450.3 million.
Top Line in Detail
Services & Support: The company generated revenues of $261.7 million from the category (58% of revenues). Notably, the figure rose 6% from the year-ago quarter, owing to 9.1% growth in data processing and hosting fees in the reported quarter.
Segments in Detail
Core: The company generated revenues of $140.8 million from the segment (31.3% of total revenues), increasing 4% year over year. Payments: The segment yielded revenues of $169.6 million (37.6% of total revenues), increasing 16% from the year-ago quarter. Complementary: The segment generated $128.7 million in revenues (28.6% of total revenues), increasing 7% year over year. Corporate & Other: The company generated revenues of $11.2 million from the segment (2.5% of total revenues), up 17% from the prior-year quarter..
Operating Details
In fourth-quarter fiscal 2021, total operating expenses were $353.9 million, reflecting a year-over-year increase of 6%.
Balance Sheet
As of Jun 30, 2021, cash and cash equivalents totaled $51 million, which decreased from $70.1 million as of Mar 31, 2021. Trade receivables were $306.6 million in the reported quarter, down from $207.7 million in the previous quarter. Further, the current and long-term debt stood at $100.2 million at the end of the fiscal fourth quarter compared with $200.2 million at the end of third-quarter fiscal 2021..
Jack Henry's Q2 Earnings Beat
Jack Henry & Associates reported second-quarter fiscal 2021 earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate by 6.8%. However, the bottom line fell 21% sequentially and remained flat year over year.
Top Line in Detail
Services & Support: The company generated revenues of $250.9 million from this category (59% of revenues). Notably, the figure declined 2% from the year-ago quarter due to a decrease in deconversion fee revenues. Nevertheless, the company witnessed growth in data processing and hosting fees in the reported quarter.
Segments in Detail
Core: The company generated revenues of $134.9 million from the segment (32% of total revenues), improving 1% year over year.
Operating Details
In second-quarter fiscal 2021, total operating expenses were $328.7 million, reflecting a year-over-year increase of 1%. This can primarily be attributed to higher personnel costs and rising expenses related to the company’s card processing platform.
Guidance
For fiscal 2021, the company’s projection for GAAP revenues remains unchanged at $1.76 billion-$1.77 billion.
