Jack Henry(JKHY)
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Jack Henry & Associates Announces Fiscal Third Quarter 2025 Deconversion Revenue Results
Prnewswire· 2025-04-30 20:30
Group 1 - Jack Henry & Associates, Inc. reported deconversion revenue of $9.6 million for the fiscal third quarter ending March 31, 2025, with updated full-year guidance for deconversion revenue estimated between $22 million and $28 million [1][2] - Deconversion revenue primarily arises when a client is acquired by another financial institution, leading to the termination of their contract with Jack Henry, indicating that this revenue is influenced by external factors beyond the company's control [2] - Jack Henry excludes deconversion revenue from its non-GAAP revenue reported in quarterly and annual earnings releases, as it does not reflect the core operations of the business [2] Group 2 - Jack Henry is a financial technology company listed on the S&P 500, focusing on enhancing connections between financial institutions and their clients, with over 48 years of experience in providing technology solutions [4] - The company serves approximately 7,500 clients, emphasizing innovation, personal service, and insight-driven solutions to help reduce barriers to financial health [4]
JACK HENRY & ASSOCIATES TO PROVIDE WEBCAST OF THIRD QUARTER 2025 EARNINGS CALL
Prnewswire· 2025-04-23 12:00
About Jack Henry & Associates, Inc.® 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 techn ...
BrightStar Credit Union Fuels Future Growth and Expansion with Jack Henry
Prnewswire· 2025-04-21 12:30
Core Insights - BrightStar Credit Union (BSCU) has selected Jack Henry's Symitar platform to enhance its member services and support growth initiatives [1][3] - BSCU, founded in 1946, serves nearly 60,000 members with assets totaling $948 million, making it one of the largest credit unions in South Florida [2] - The partnership with Jack Henry is driven by shared values and a commitment to community service, aiming for a long-term relationship rather than a vendor-client dynamic [3][5] Company Overview - Jack Henry is a financial technology company listed on Nasdaq (JKHY) that provides technology solutions to financial institutions, focusing on user-centric innovation and collaboration [6] - The company has been operational for over 48 years, serving approximately 7,500 clients with a range of modern capabilities and integration options with leading fintechs [6] Technology and Services - BSCU is transitioning from an in-house core system to a private cloud environment with Jack Henry, allowing for improved operational efficiency and a focus on member service [4] - The credit union will implement Jack Henry Financial Crimes Defender to enhance security measures against fraud, replacing manual methods [4] - BSCU plans to introduce faster payment capabilities through the RTP network and FedNow Service, improving the payment experience for members [4]
Jack Henry Now Accepting Entries for the 2025 Cobalt Awards
Prnewswire· 2025-04-17 13:00
Core Insights - The Cobalt Awards program by Jack Henry is entering its second year, aimed at recognizing innovation and community dedication among financial institutions and fintechs [1][5] - The awards focus on celebrating creativity, inspiring relationships, and showcasing success stories within the financial sector [2] Award Categories - There are three award categories: The Barrier Breaker, The Changemaker, and The Integrator [3][8] - The Barrier Breaker recognizes one bank and one credit union for their efforts in improving financial health [8] - The Changemaker honors one bank and one credit union for their achievements in using technology and innovation [8] - The Integrator celebrates two fintechs for enhancing user experience and financial health [8] Eligibility and Judging - Nominees must be existing Jack Henry customers and utilize at least one Jack Henry solution [4] - Fintech entrants must be part of Jack Henry's ecosystem through specific programs [4] - Entries should include compelling storytelling with quantifiable metrics [4] Prizes and Recognition - Winners will receive a $10,000 donation to a charity of their choice, free registration and travel to Jack Henry Connect 2025, and a Cobalt Award Trophy [9] - Additional benefits include premium booth placement for fintechs and promotional materials [9] Company Overview - Jack Henry is a financial technology company listed on Nasdaq, focusing on strengthening connections between financial institutions and their clients [6] - The company has been providing technology solutions for over 48 years, serving approximately 7,500 clients [6]
Extole Collaborates with Jack Henry to help financial institutions drive new accounts, deposits, and digital engagement with personalized Refer a Friend programs
Prnewswire· 2025-04-14 18:10
SAN FRANCISCO, April 14, 2025 /PRNewswire/ -- Extole, a customer acquisition and engagement platform, announced today that their Refer-a-Friend solution is now accessible through the Jack Henry™ digital banking platform. Extole leveraged the Banno Digital Toolkit™, the same set of APIs the Banno Digital Platform™ is built on, to embed its technology into the digital experiences offered by community and regional financial institutions. Access to Jack Henry's API, design, and authenticated frameworks has enab ...
All You Need to Know About Jack Henry (JKHY) Rating Upgrade to Buy
ZACKS· 2025-04-08 17:01
Core Viewpoint - Jack Henry (JKHY) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that upward revisions can lead to increased buying pressure and higher stock prices [4][5]. - For the fiscal year ending June 2025, Jack Henry is projected to earn $5.85 per share, reflecting an 11.9% increase from the previous year, with a 0.7% rise in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Jack Henry's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term due to favorable earnings estimate revisions [10].
BCU Strengthens Jack Henry Relationship to Support Growth Goals
Prnewswire· 2025-04-08 12:00
Core Insights - BCU has extended its partnership with Jack Henry to leverage cloud-based technology for growth and enhanced member service [1][3][5] Company Overview - BCU has grown from $529 million in assets in 1999 to $6 billion today, serving over 350,000 members across various markets [2][3] - Jack Henry is a financial technology company that provides solutions to approximately 7,500 clients, focusing on innovation and integration with fintechs [6] Technology and Innovation - BCU has migrated its technology assets to Jack Henry's private cloud, allowing for streamlined operations and a focus on innovation [2][4] - The credit union plans to expand its member base and believes Jack Henry's cloud platform will support this growth while maintaining operational efficiency [4] Strategic Goals - BCU values the integration capabilities provided by Jack Henry's open APIs, which allow seamless collaboration with other fintechs [4] - The partnership aims to enhance payment capabilities through JHA PayCenter, utilizing services like Zelle and FedWire for improved transaction efficiency [4]
Border Bank Chooses Jack Henry for Technology Modernization
Prnewswire· 2025-03-31 13:00
Core Insights - Jack Henry has been selected by Border Bank to upgrade its technology infrastructure to enhance customer experience and operational efficiency as the bank approaches $1 billion in assets [1][2] - The new core processing system from Jack Henry will replace outdated processes, improving operational efficiency and providing a digital platform for retail, business, and enterprise clients [3] - Border Bank's decision was influenced by Jack Henry's commitment to innovation, transparency, and customer service, which aligns with the bank's long-term growth strategy [4] Company and Industry Overview - Border Bank, established in 1935, has expanded its services beyond agricultural needs to various industries, including manufacturing and commercial real estate, in North Dakota and metro Minneapolis [2] - Jack Henry is an S&P 500 financial technology company that offers a vibrant ecosystem of modern capabilities and integration with leading fintechs, serving approximately 7,500 clients [6] - The partnership with Jack Henry will enable Border Bank to access over 950 API-integrated third-party fintechs, allowing for strategic differentiation and modernization of services [4][5]
Capital Credit Union Modernizes Operations and Positions for Growth with Jack Henry
Prnewswire· 2025-03-19 12:01
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 ...
Jack Henry and Moov to Implement Mastercard Move to Enable Fast, Seamless Domestic Payments
Prnewswire· 2025-03-17 17:00
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 ...