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Five Financial Institutions Leveraging Jack Henry Technology Win 2024 WebAwards
Prnewswire· 2024-10-28 12:00
Core Insights - Jack Henry™ announced that five financial institutions received WebAwards for their websites built using Jack Henry's web hosting and design services [1][2] Group 1: Awards and Recognition - Hocking Valley Bank won the award for Best Bank Website, marking the fifth consecutive year a Jack Henry client has won a "Best of" category [2] - Armed Forces Bank and Mid American Credit Union received Outstanding Website awards, while Shore United Bank earned the Bank Standard of Excellence and Freedom First Credit Union received the Credit Union Standard of Excellence [2] Group 2: Performance Metrics - Hocking Valley Bank reported a 19 percent increase in first-time visitors to its website and a 30 percent increase in online banking transactions [3] - The bank achieved $20 million in year-over-year growth for loans, attributed to increased web traffic and strategic initiatives [3] Group 3: Company Background - Jack Henry is a financial technology company that connects financial institutions with their clients, offering a range of modern capabilities and integration with leading fintechs [5] - The company has been providing technology solutions for over 48 years, empowering approximately 7,500 clients with innovative and user-centric services [5]
Will Jack Henry (JKHY) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-21 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Jack Henry (JKHY) . This company, which is in the Zacks Electronics - Miscellaneous Services industry, shows potential for another earnings beat.When looking at the last two reports, this payment processsing company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.37%, on ave ...
Jack Henry & Associates, Inc. (JKHY) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-10-16 14:15
Core Viewpoint - Jack Henry (JKHY) has shown strong stock performance, with a 5.1% increase over the past month and a 13% gain since the start of the year, outperforming the broader technology sector and the electronics services industry [1][2]. Financial Performance - Jack Henry reported an EPS of $1.38 in its last earnings report, exceeding the consensus estimate of $1.3, although it missed the revenue estimate by 0.62% [2]. - For the current fiscal year, earnings are projected at $5.82 per share on revenues of $2.37 billion, reflecting an 11.28% increase in EPS and a 7.13% increase in revenues [3]. - The next fiscal year is expected to see earnings of $6.29 per share on $2.54 billion in revenues, indicating year-over-year changes of 8.05% and 7.03%, respectively [3]. Valuation Metrics - Jack Henry's current valuation metrics show a trading multiple of 31.7X current fiscal year EPS estimates, aligning with the peer industry average [7]. - The trailing cash flow basis shows a trading multiple of 23.2X compared to the peer group's average of 22.2X, and the stock has a PEG ratio of 3.39, which is not competitive from a value perspective [7]. Style Scores and Zacks Rank - Jack Henry has a Value Score of D, while its Growth and Momentum Scores are both B, resulting in a combined VGM Score of B [6]. - The stock holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, indicating potential for future performance [8].
Why Investors Are Eyeing Jack Henry & Associates Inc (JKHY): The Key Drivers of Market
GuruFocus· 2024-10-02 15:01
Jack Henry & Associates Inc (JKHY, Financial) has recently captured the attention of investors and financial analysts, thanks to its strong financial position. With a current share price of $177.97, despite a daily loss of 0.97%, the company has shown a promising three-month growth of 8.95%. A detailed analysis, supported by the GF Score, indicates that Jack Henry & Associates Inc is poised for significant growth in the foreseeable future. Jack Henry & Associates Inc (JKHY) GF Score: 97/100 Oct 02, 2024 Pow ...
Jack Henry Named to Newsweek's List of Top 200 Most Loved Workplaces for 2024
Prnewswire· 2024-10-02 15:00
Financial technology company ranked 16th based on outstanding employee sentiment and satisfaction MONETT, Mo., Oct. 2, 2024 /PRNewswire/ -- Jack Henry has once again been recognized as one of America's Top Most Loved Workplaces® by Newsweek, placing No. 16 out of 200 companies. This is the third consecutive year Jack Henry has ranked in the top 20 on the prestigious list. "Our consistent recognition on this list reflects the dedication of our associates, who are at the heart of everything we do," said Jack ...
Jack Henry Cybersecurity and Fraud Forum Expands to Meet Growing Demand
Prnewswire· 2024-10-01 13:00
Core Insights - Jack Henry is launching its annual Cybersecurity and Fraud Forum on October 7, 2024, at Jack Henry Connect, followed by a road tour to six cities aimed at enhancing security and fraud mitigation for community and regional financial institutions [1][2] - The forum will focus on fraud mitigation with the theme "Know Your Adversary: Safer. Smarter. Together," featuring case studies and best practices for scalable, cloud-first infrastructure [2] - The event attracts a diverse range of financial institutions, with about one-third of attendees last season coming from outside the Jack Henry core banking ecosystem [3] Company Overview - Jack Henry is a financial technology company listed on Nasdaq (JKHY) that connects financial institutions with their clients, emphasizing openness, collaboration, and user-centric solutions [5] - The company has been hosting cybersecurity forums for over a decade, assisting thousands of financial institutions in developing their cybersecurity strategies [3][4] - Jack Henry plans to introduce a new Digital Banking Forum in 2025, indicating a commitment to evolving its offerings in response to industry needs [4] Industry Context - Fraud and security are top technology priorities for financial institutions, necessitating a collaborative approach to combat modern threats [4] - The rise of real-time payments, AI, and an increasing number of cyber criminals has significantly heightened security requirements for financial institutions [4] - Professionals attending the forums can earn continuing professional education (CPE) credits, highlighting the educational value of these events [3]
Jack Henry and Victor Offer Embedded Payments Platform for Regional and Community Financial Institutions to Better Support Business Customers
Prnewswire· 2024-09-30 13:00
Direct-to-core integration enhances deposit and non-interest fee income potential MONETT, Mo., Sept. 30, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announces the expansion of its collaboration with Victor Technologies, Inc., a subsidiary of MVB Edge Ventures, Inc. and part of MVB Bank, Inc. The companies launched an embedded-payments management platform to help Jack Henry's financial institution clients capitalize on Payments-as-a-Service (PaaS) market opportunities. MVB Bank, Dart Bank, and BayFirst N ...
Here's Why Jack Henry (JKHY) is a Strong Growth Stock
ZACKS· 2024-09-27 14:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as ...
Jack Henry's Credit Union Community Participates in CU Build's Fourth Annual Build-A-Thon Event
Prnewswire· 2024-09-18 12:30
Core Insights - The CU Build event, organized by Jack Henry and CU Build, focused on fostering innovation and collaboration within the credit union industry, setting a new attendance record with 54 participants from 29 credit unions across 26 states [2][3] Group 1: Event Overview - The event took place in Salt Lake City, Utah, and lasted three days, where teams developed solutions under the theme "Pioneering Progress" [2] - Participants had access to Jack Henry's Symitar core and various fintech solutions, allowing for a diverse range of innovative projects [3] Group 2: Winning Solutions - The 'Best in Show Award' was awarded to the 'Trailblazers' team for their AI-powered tool 'Path to Prosperity,' which assists members in mortgage loan processes [3] Group 3: Participant Feedback - Participants expressed that CU Build provides a unique environment to explore and test new ideas, enhancing their skills and collaboration [4] - The event was highlighted as a valuable learning experience, with participants noting the intense but rewarding nature of the competition [4] Group 4: Industry Impact - The event showcased the importance of combining open technology with a collaborative community to create member-focused solutions [4] - Teams were noted for their innovative integration of the Symitar core, addressing real industry challenges [4] Group 5: Company Background - Jack Henry is a financial technology company that connects financial institutions with their clients, emphasizing openness and collaboration [5] - The company serves approximately 7,500 clients, providing technology solutions that promote financial health and innovation [6]
Why Jack Henry (JKHY) is a Top Growth Stock for the Long-Term
ZACKS· 2024-09-11 14:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. Wha ...