Welcome to our dedicated page for Jack Henry & Associates news (Ticker: JKHY), a resource for investors and traders seeking the latest updates and insights on Jack Henry & Associates stock.
Jack Henry & Associates, Inc. reports developments for a financial technology company serving banks and credit unions with core processing, digital banking, payments, lending, fraud and anti-money-laundering, and data-integration capabilities. Company updates often cover client selections for outsourced core systems, the Banno Digital Platform, SilverLake, CIF 20/20, Core Director, Symitar, and third-party connections through the Jack Henry Fintech Integration Network.
Recurring news also includes quarterly earnings, deconversion revenue disclosures tied to client contract terminations after bank acquisitions, capital returns through dividends and share repurchases, credit-union and community-bank deployments, product recognition for Tap2Local, and executive participation in investor conferences.
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SMA Technologies has expanded its partnership with Jack Henry to enhance operational efficiencies for banks using the SilverLake data center. This collaboration leverages SMA's OpCon Workload Automation & Orchestration to automate workflows for both banks and credit unions, meeting the growing demand for operational efficiency in the financial sector. According to a recent Jack Henry study, 44% of financial institution CEOs prioritize operating efficiency, with automation as a key element. This expanded relationship aims to provide seamless API connectivity, improving visibility and control for clients while automating critical processes.
Jack Henry & Associates announced that its Board Chair and CEO, David Foss, will present at the Wolfe Research FinTech Forum on March 14, 2023, at 2:30 p.m. Eastern time. A live webcast of the presentation will be available at this link. A replay can be accessed on Jack Henry's Investor Relations website after the live event. The company emphasizes its commitment to fostering relationships between financial institutions and clients, leveraging over 45 years of technological expertise.
Jack Henry & Associates (Nasdaq: JKHY) will participate in several upcoming conferences in March 2023. CEO David Foss is scheduled to present at the 2023 KBW FinTech Payments Conference on March 1 at 10:15 AM ET, the 7th Annual Evercore ISI Payments & Fintech Innovators Forum on March 2 at 2:35 PM ET, and the Raymond James 2023 Institutional Investors Conference on March 7 at 9:15 AM ET. CFO Mimi Carsley will present at the Morgan Stanley Technology, Media, and Telecom Conference on March 8 at 1:25 PM ET. Live webcasts will be available, with replays accessible on Jack Henry's Investor Relations website.
EasySend has joined the Jack Henry™ Vendor Integration Program, facilitating integration with the Symitar® platform. This partnership allows EasySend to utilize Jack Henry's technical resources, enhancing its no-code platform for transforming customer data and signature collection processes. With this integration, EasySend aims to help financial institutions improve operational efficiency and streamline customer interactions. The move comes as banks seek cost reduction and new income sources amid economic uncertainty. EasySend's CEO emphasizes the importance of digital solutions in retaining customers in a highly competitive market.
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On February 13, 2023, Jack Henry & Associates (NASDAQ: JKHY) announced a 7% increase in its quarterly dividend, raising it to $0.52 per share. The dividend is payable on March 24, 2023, to shareholders on record as of March 8, 2023. This marks the company's 34th dividend increase since it began paying quarterly dividends in 1991. As of February 8, 2023, there were 72,990,790 shares outstanding. CFO Mimi L. Carsley noted the company's strong organic growth and cash flows, reinforcing confidence in sustaining these trends and benefiting shareholders.
Jack Henry & Associates (NASDAQ: JKHY) reported mixed financial results for the fiscal second quarter ending December 31, 2022. GAAP revenue increased by 2%, reaching $505.3 million, while GAAP operating income fell by 15% to $107.4 million. Non-GAAP adjusted revenue rose by 6% to $496.4 million, and non-GAAP operating income increased by 4% to $105 million. GAAP EPS was $1.10, down from $1.30 in the prior year. Full-year fiscal 2023 guidance estimates GAAP revenue between $2,048 million and $2,055 million. While cash decreased to $26 million from $29 million year-over-year, total deferred revenue rose to $285 million, reflecting positive operational momentum in fintech solutions.
Talkdesk has joined Jack Henry's Vendor Integration Program (VIP), allowing integration with the Symitar core platform. This partnership provides Talkdesk access to Jack Henry's technical resources to enhance the Financial Services Experience Cloud for credit unions and banks. The integration ensures efficient data access, enabling seamless customer interactions across self-service and live agent channels. Talkdesk's global head of products highlighted the value derived from connecting contact centers with core banking systems. However, VIP participation does not imply endorsement of Talkdesk’s products.
Jack Henry & Associates (Nasdaq: JKHY) will host a live Webcast of its second quarter fiscal year 2023 earnings conference call on February 8, 2023, at 7:45 a.m. Central time. The related earnings announcement will be released on February 7, 2023, after market close. Investors can access the Webcast via the company's website, with dial-in options available for US and international participants. An archived replay will be accessible approximately one hour after the call. Jack Henry provides technology solutions to nearly 8,000 clients in the financial services sector, enhancing connectivity and competition.