The upcoming report from Jack Henry (JKHY) is expected to reveal quarterly earnings of $1.30 per share, indicating a decline of 3% compared to the year-ago period. Analysts forecast revenues of $563.37 million, representing an increase of 5.4% year over year. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a ...

MONETT, Mo., Aug. 12, 2024 /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that deconversion revenue for the fiscal fourth quarter, ended June 30, 2024, was $6.7 million. Deconversion revenue for the full fiscal year ended June 30, 2024, was $16.6 million. For more information about how guidance will be further updated for deconversion revenue estimates, please see Jack Henry's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2023. The m ...

Jack Henry also announced a temporary expansion of its Board from nine to 10 directors. This expansion will last until the company's 2024 Annual Meeting of Stockholders, at which time nine director nominees are expected to stand for election to the Board. Nelson, 61, is President of the Equifax Inc. International business. She previously served as President of Equifax Australia and New Zealand, President and General Manager of Equifax Canada, and Corporate Senior Vice President and Enterprise Alliance Leade ...

Core Insights - Jack Henry is enhancing its service offerings by utilizing its hosted core processing solution, Banno Digital Platform, and LoanVantage, along with enterprise solutions for treasury and workflow management, to innovate and meet customer needs in the public cloud [1] Expanding Customer Base - Jack Henry has recently added Forest Park Bank to its clientele, which will use the Banno Digital Platform, contactless cards, and digital wallets to cater to younger customers [2] - A partnership with First State Bank allows the bank to utilize Jack Henry's customizable core processing solution and Banno Digital Platform to automate processes and improve efficiencies for both retail and commercial customers [3] - First Federal Bank of Kansas City has selected Jack Henry to expand services for small businesses, particularly in real estate [13] - Quail Creek Bank has also chosen Jack Henry to enhance experiences for small businesses and individual clients, leveraging real-time payments and digital account opening [18] - The Copper State Credit Union will integrate Jack Henry's technology platform to create a new digital banking platform for its members [15] Portfolio Strength - Jack Henry's strong customer momentum is attributed to its robust portfolio, which is expected to continue driving financial performance [4][6] - The company is making efforts to further strengthen its portfolio [4] Financial Performance - Jack Henry's shares have increased by 1.1% year-to-date, contrasting with a 5.1% decline in the industry [8] - The company raised its fiscal 2024 earnings guidance from $5.09-$5.13 to $5.15-$5.19 per share, with a consensus estimate of $5.19 per share, indicating a 3.4% rise from the previous year [10] - For fiscal 2024, Jack Henry expects GAAP revenues between $2.215 billion and $2.228 billion, with a consensus estimate of $2.22 billion, reflecting a year-over-year growth of 6.8% [21] Technological Advancements - Jack Henry's Banno Business solution is designed to provide modern banking experiences for small-to-medium businesses [5] - The company is gaining momentum with its Payrailz Fraud Monitor, an AI-based feature for real-time fraud detection during payment transactions [20]

"Jack Henry has been recognized by several leading publications as a stellar workplace, and we're honored that TIME has deemed us one of America's best mid-size companies," said Jack Henry President and CEO Greg Adelson. "Meeting the standards for this esteemed list validates our steadfast focus on taking care of associates, servicing clients, bettering communities, and rewarding shareholders." Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between fin ...

Jack Henry (JKHY) appears an attractive pick, as it has been recently upgraded 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. Fundamentally speaking, rising ...

Core Insights - Jack Henry's (JKHY) shares have increased by 2.9% year-to-date, contrasting with a 6.6% decline in the industry, driven by a growing clientele and strong banking solutions [1] Customer Expansion - Jack Henry has recently added Forest Park Bank to its clientele, which will utilize the Banno Digital Platform, contactless cards, and digital wallets to cater to younger customers [3] - Quail Creek Bank has selected Jack Henry to leverage its banking solutions, including real-time payments and digital account opening [2][11] - United Bank has chosen Jack Henry as its technology provider to enhance its lending capabilities and reporting for small and retail business customers [4] - First State Bank has partnered with Jack Henry to utilize its core processing solution and Banno Digital Platform for improved efficiencies [14] Banking Solutions Strength - Jack Henry's robust banking solutions portfolio is a key driver of its customer momentum, with ongoing efforts to strengthen this portfolio [5] - The Banno Business solution is designed to provide modern banking experiences for small-to-medium businesses [6] - A new Daily Dashboard has been introduced for the Financial Performance Suite, offering financial insights to help institutions analyze their financial health [15] Financial Performance Expectations - For fiscal 2024, Jack Henry anticipates GAAP revenues between $2.215 billion and $2.228 billion, with a year-over-year growth estimate of 6.8% [7] - The earnings guidance for fiscal 2024 has been raised to a range of $5.15 to $5.19 per share, indicating a 3.4% increase from the previous year [17]

Company Overview - Jack Henry™ (Nasdaq: JKHY) is a financial technology company that enhances connections between financial institutions and their clients, focusing on openness, collaboration, and user-centric solutions [1][2][3] - The company has been providing technology solutions for over 48 years, empowering approximately 7,500 clients to innovate and compete effectively [1] Recent Developments - Quail Creek Bank has selected Jack Henry to improve efficiency and enhance both customer and employee experiences in a competitive market [5][6] - The bank, with $800 million in assets, aims to leverage Jack Henry's technology to provide a leading digital experience and focus on community service [6] Technology and Integration - Jack Henry's SilverLake System® will automate internal processes and improve efficiencies, while new features like real-time payments and digital account opening will enhance customer experience [8] - The open ecosystem of Jack Henry allows access to over 950 API-integrated third-party fintechs, facilitating better vendor integration and modernization for community banks [9] Market Context - The competitive landscape for community banks like Quail Creek Bank has shifted towards larger regional and megabanks, making technological competitiveness essential [7][9] - Jack Henry aims to empower community banks to maintain personalized service while improving their technological capabilities to compete effectively [9]

Core Insights - Forest Park Bank has partnered with Jack Henry to enhance customer experience, attract younger clients, and automate operations, reinforcing its community banking model [1][3][4] Company Overview - Forest Park Bank, with $300 million in assets, has been serving the near western suburbs of Chicago since 1943, focusing on small business, commercial real estate, and consumer lending [2] - The bank is distinguished by its commitment to community banking, local ownership, decision-making, and high-touch customer service [2] Technology Needs - The bank required a modern technology provider to support its community focus and compete with larger banks while enhancing customer service and attracting younger demographics [3] - Jack Henry's offerings include the Banno Digital Platform™, contactless cards, digital wallets, and an improved account opening process [3] Strategic Goals - 2024 is identified as a transformative year for Forest Park Bank, aiming to maintain its identity as a community-focused, independently owned bank [4] - Jack Henry's solutions will help the bank grow through scale and efficiencies, automating processes and supporting sales efforts [4] Integration and Compliance - Jack Henry's hosted core processing solution, document storage, and reporting tools will enhance information sharing, reporting, and data presentation [4] - The Financial Crimes Defender™ will provide real-time fraud and BSA compliance, improving the overall customer experience [4] Industry Context - Historic community banks like Forest Park Bank must modernize customer experiences and processes to remain competitive, especially in large metropolitan areas like Chicago [4] - Jack Henry's technology aims to level the playing field for community banks, enabling them to sustain the community banking model [4]

Company Overview - Jack Henry has been recognized as one of the 2024 – 2025 Best Companies to Work For by U.S. News & World Report, highlighting its commitment to creating a positive workplace environment [7][8] - The company operates as a financial technology provider, serving approximately 7,500 clients and focusing on innovation, collaboration, and user-centric solutions [5] Employee Sentiment and Workplace Factors - U.S. News' ratings reflect evolving employee sentiments that influence workplace decisions, including pay quality, work-life balance, job stability, and opportunities for professional development [2][3] - Jack Henry's CEO emphasized the importance of belonging, advancement opportunities, flexibility, and stability as key qualities that contribute to a positive work environment [8] Methodology of Rankings - The U.S. News Best Companies to Work For list includes 549 companies, evaluated based on employee sentiment data and other factors, with a focus on companies within the Russell 3000 index [3] - The methodology was developed with input from a panel of experts and considers a minimum of 75 Glassdoor reviews from 2020 to 2023 [3]