Jack Henry (JKHY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often fin ...

$6 billion credit union continues 25-year relationship with technology provider to plan for significant growth while enhancing member service MONETT, Mo., April 8, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that BCU is continuing its long-standing relationship with the company, leveraging Jack Henry's cloud-based platform to support its long-term growth and commitment to delivering strong member service.BCU first selected Jack Henry's Symitar® Core in 1999, at $529 million in assets. Af ...

Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to ...

Credit union selects Jack Henry for long-term stability and support MONETT, Mo., March 19, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Capital Credit Union converted to Jack Henry's Symitar® platform and complementary products to support its future growth. The credit union dates back to 1936, founded by state employees meeting in the North Dakota Capitol building with a mission to support financial well-being and provide reliable credit. Over the years, the credit union flour ...

Collaboration enables banks and credit unions to better serve the payment needs of consumers and small businesses MONETT, Mo., March 17, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today an extended collaboration with Mastercard to offer Mastercard Move, Mastercard's portfolio of money transfer solutions, through Jack Henry Rapid Transfers™, a cloud-native service that will enable near-real time* money movement. This includes account funding and a variety of payment use cases in the United Sta ...

Core Viewpoint - Jack Henry & Associates reported mixed results for Q2 fiscal 2025, with earnings exceeding estimates but revenues falling slightly short, leading to a cautious outlook for the upcoming period [2][4][9]. Financial Performance - Q2 fiscal 2025 GAAP earnings were $1.34 per share, beating the Zacks Consensus Estimate by 2.3% and reflecting a 6.3% year-over-year increase [2]. - Revenues for the quarter were $573.85 million, missing the consensus estimate by 0.4% but showing a 5.2% year-over-year growth [2]. - Non-GAAP revenues, after adjusting for deconversion revenues, were $573.78 million, up 6.1% year over year, with adjusted earnings at $1.35 per share, a 10.4% increase year over year [3]. Segment Performance - Services and Support revenues accounted for 56.3% of total revenues, totaling $323.03 million, which was a 3.5% increase year over year but missed the consensus mark [4]. - Processing revenues, making up 43.7% of total revenues, were $250.8 million, up 7.3% year over year, slightly surpassing the consensus [5]. - Core segment revenues were $173.2 million, reflecting a 4.6% year-over-year increase [5]. - Payments revenues were $214.8 million, a 5.4% increase year over year, while Complementary revenues were $160.9 million, up 5.6% year over year [6]. Profitability Metrics - Adjusted EBITDA for the quarter was $175.4 million, a 6.3% year-over-year increase, with an adjusted EBITDA margin of 30.6%, expanding by 40 basis points [6]. - Adjusted operating income rose 7.3% year over year to $123 million, although the adjusted operating margin contracted by 40 basis points to 21.4% [7]. Balance Sheet Overview - As of December 31, 2024, cash and cash equivalents were $25.6 million, down from $43 million as of September 30 [8]. - Total debt increased to $150 million from $140 million, while net cash from operating activities was $206.5 million, with free cash flow at $87.7 million for the six months ended December 31 [8]. Guidance and Outlook - For fiscal 2025, the company maintained its GAAP revenue expectations in the range of $2.369-$2.391 billion and non-GAAP revenues between $2.353-$2.375 billion [9]. - GAAP operating margin is anticipated to be between 23% and 23.2%, while adjusted operating margin is expected between 22.7% and 22.8% [9]. - Management projects GAAP earnings per share in the range of $5.78-$5.87 [10]. Market Sentiment - Recent estimates for the stock have been trending downward, indicating a cautious sentiment among investors [11]. - Jack Henry currently holds a Zacks Rank 2 (Buy), suggesting an expectation of above-average returns in the coming months despite the downward estimate revisions [13].

MONETT, Mo., Feb. 10, 2025 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) today announced its Board of Directors increased the quarterly dividend by six percent (6%) to $.58 per share. The cash dividend on its common stock, par value $.01 per share, is payable on March 25, 2025, to stockholders of record as of March 6, 2025. Jack Henry has paid consecutive quarterly dividends since 1991, and 2024 marked the 21st consecutive year of an increasing dividend. About Jack Henry & Associates, Inc.®  ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ________________ Commission file number 0-14112 JACK HENRY & ASSOCIATES, INC. (Exact name of registrant as specified in its charter) Delaware 43-112 ...

Open, flexible platform fuels expansion and community support across KansasMONETT, Mo., Feb. 6, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Azura Credit Union has selected Jack Henry's Symitar® open technology platform to deliver modern services to local communities and drive future growth.Founded in 1939, Azura Credit Union now has more than $822 million in assets, 12 offices in Northeast Kansas, and more than 62,000 members.Throughout its growth, Azura has remained committe ...

Financial Data and Key Metrics Changes - The company reported non-GAAP revenue growth of 6.1% in Q2, slightly ahead of the 6% anticipated [9] - Non-GAAP operating margin was 21.5%, also slightly better than expected [9] - GAAP and non-GAAP revenue increased by 5% and 6% respectively [29] - Fully diluted GAAP earnings per share increased by 6% to $1.34 [37] Business Line Data and Key Metrics Changes - Core segment revenue increased by 6% on a non-GAAP basis, driven by organic growth in data processing and hosting [38] - Payments segment revenue also increased by 6% on a non-GAAP basis, with significant growth in card revenue and payment processing [39] - Complementary segment revenue increased by 6%, supported by a strong product mix [40] Market Data and Key Metrics Changes - The company signed fourteen new debit processing clients and two new credit clients in the quarter [16] - The number of clients on the Zelle platform reached 338, with 357 clients using RTP and 339 clients using FedNow [16] - The Bano digital platform saw growth, with nearly 1,000 retail clients and 212 business clients [18] Company Strategy and Development Direction - The company is focused on technology modernization and cloud-native solutions, with plans to deliver retail and commercial deposit core functionality in the first half of 2026 [24] - Partnerships with fintechs like Move and Visa are aimed at enhancing digital payment solutions [22][23] - The company aims to maintain a people-first culture and service excellence as key differentiators in the market [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment and sales pipeline for the second half of fiscal 2025 [26] - The company anticipates continued growth in technology spending among banks and credit unions [25] - Management noted that clients remain optimistic about the operating environment and their willingness to invest in technology [81] Other Important Information - The company achieved a core retention rate of over 99%, excluding M&A [12] - The private and public cloud offerings increased by 11%, reflecting strong growth trends [32] - The company repurchased $17 million of its shares to offset dilution from stock compensation [43] Q&A Session Summary Question: What gives confidence on the back half of revenue acceleration? - Confidence comes from strong first-half results and consistent growth metrics, including cloud and card growth [51] Question: Are there signs of increased competition at the low end of the market? - No significant changes noted; the company continues to win large institutions and renewals [54][56] Question: Is there a difference in the number of deals coming to market? - No significant changes; the company is still tracking to its traditional win rate [60][61] Question: When will revenue from the Move partnership impact growth? - Expected to have a meaningful impact in fiscal year 2026, with some small contributions in fiscal year 2025 [64] Question: What are the pricing dynamics for renewals? - Pricing compression is possible, but additional product offerings typically offset this [70][72] Question: What is the current operating environment for customers? - Customers remain optimistic, with a strong demand for products to increase deposits and loans [81] Question: What is the pace of innovation in the space? - The company is focused on digital platforms, payments, and fraud prevention as key areas of innovation [138] Question: Is there any convert merge revenue in the back half outlook? - A modest amount of convert merge revenue is expected, with more impact anticipated in fiscal year 2026 [148][150]