Jack Henry & Associates Stock Price, News & Analysis

Jack Henry & Associates (NASDAQ: JKHY) announced that its President & CEO Greg Adelson will present at Bernstein's 41st Annual Strategic Decisions Conference on May 28th at 11:00 a.m. ET. The presentation will be available via live webcast, with a replay accessible on the company's investor relations website ir.jackhenry.com following the event.

Jack Henry (JKHY) has been selected by SouthTrust Bank to modernize its technology infrastructure. SouthTrust Bank, a Texas-based institution with $550 million in assets and eight locations across South Texas and Houston, aims to enhance its operations and pursue aggressive growth with a target of reaching $2 billion in assets over the next decade.

The partnership will implement Jack Henry's core processing system to streamline workflows and enable fintech integrations. SouthTrust Bank will gain access to the Jack Henry Digital Platform and modern payment solutions including Zelle®, Apple Pay, and instant debit card issuance. The bank, known for its community focus and specialized services like mortgage lending for foreign nationals, expects these technological improvements to strengthen its competitive position and support its expansion strategy.

Jack Henry & Associates (NASDAQ: JKHY) has announced a regular quarterly cash dividend of $0.58 per share on its common stock. The dividend will be paid on June 18, 2025, to shareholders who are registered as stockholders of record by May 29, 2025. The dividend applies to the company's common stock with a par value of $0.01 per share.

Jack Henry has reported its fiscal third quarter 2025 deconversion revenue of $9.6 million for the period ending March 31, 2025. The company has updated its full-year fiscal 2025 deconversion revenue guidance to range between $22 million and $28 million.

Deconversion revenue primarily occurs when a Jack Henry client is acquired by another financial institution, leading to contract termination. The company emphasizes that this revenue stream is outside their control and does not reflect their core business operations of providing services to clients. As such, Jack Henry excludes deconversion revenue from non-GAAP revenue in their quarterly and annual earnings releases.

This forward-looking statement is subject to inherent risks and uncertainties that could affect actual results, as detailed in Jack Henry's SEC filings, particularly under the Risk Factors section.

Posh AI has joined the Jack Henry Vendor Integration Program (VIP), enabling integration with the Symitar platform. This partnership allows Posh AI's conversational and generative AI platform to seamlessly connect with Symitar through SymXchange, a services-based interface that provides secure access to core banking data and business rules.

The integration benefits financial institutions by providing:

• Real-time FAQ answers and secure banking operations
• Direct technical support channel
• Streamlined setup and maintenance
• Easy access to test environments

According to Kathy Sianis, VP of Strategic Relationships, this integration enables quick deployment of AI assistants for enhanced member service. The VIP program eliminates intermediary steps by providing vendors direct access to Jack Henry's resources, though program inclusion does not constitute product endorsement.