Jack Henry & Associates Stock Price, News & Analysis

Jack Henry & Associates (NASDAQ: JKHY) announced that five community banks have chosen its Core Director core system in H1 CY21, deploying it in a private cloud environment. The banks opted for Jack Henry due to its open architecture and modern digital tools, which enhance efficiency and customer service. The First National Bank of Peterstown noted improvements in data integration and operational accuracy, while First National Bank of Jeanerette aims to streamline processes enterprise-wide. Jack Henry's solutions position these banks competitively against larger institutions.

Jack Henry & Associates (NASDAQ: JKHY) has launched SecurePort, a Sheltered Harbor solution aimed at enhancing data recovery for banks using the SilverLake System core. This solution helps banks prepare for system failures by securely vaulting critical data, ensuring 99.999999999% durability with fast restoration in under 30 minutes. Currently, approximately 1,700 financial institutions will gain access to SecurePort in 2022, enhancing customer security and confidence in financial systems.

Jack Henry & Associates (NASDAQ: JKHY) announced a quarterly cash dividend of $.46 per share, payable on September 29, 2021, to stockholders of record by September 9, 2021. This decision reflects the company's ongoing commitment to shareholder returns, with 74,013,999 shares outstanding as of August 18, 2021. Jack Henry provides technology solutions for the financial services sector, serving approximately 8,500 clients across its three divisions.

Jack Henry & Associates reported a successful fiscal year ended June 30, 2021, with GAAP revenue increasing 4% to $1.758 billion and GAAP EPS rising 7% to $4.12. The fourth quarter showed even stronger growth, with revenue up 10% and operating income up 25%. Non-GAAP adjusted revenue climbed 6%, while operating income rose by 13%. For fiscal 2022, the company projects GAAP revenue between $1.902 billion and $1.911 billion, with EPS forecasted at $4.53 to $4.60. Despite challenges from COVID-19, Jack Henry remains optimistic about future growth in technology solutions and customer relationships.

Jack Henry (NASDAQ:JKHY) announced that Keesler Federal Credit Union has migrated its core operations to its private cloud environment. This $3.7 billion-asset credit union, based in Biloxi, Miss., sought to enhance its disaster recovery capabilities following recent hurricanes. The migration alleviates the need for frequent hardware updates and data transfers, allowing Keesler's staff to focus on member services. Over 60% of Jack Henry's credit union clients have adopted this hosted model, which offers improved reliability and efficiency in operations.

On August 11, 2021, Jack Henry & Associates (NASDAQ:JKHY) announced an expanded partnership with FirstBank, a financial institution with assets of $11.9 billion. This collaboration will leverage Jack Henry's digital commercial loan platform, enhancing efficiency in the lending process. FirstBank aims to improve the borrower experience by digitizing workflows and optimizing reporting. The integration facilitates faster loan fulfillment and improved customer interactions, building on a successful long-standing relationship between both entities.

On August 10, 2021, Jack Henry & Associates (NASDAQ: JKHY) announced its support for TruStone Financial Credit Union during its merger with Firefly Credit Union. The integration, completed in March, utilizes Symitar's core technology and the Banno Digital Platform, enhancing member experiences for over 100,000 clients. TruStone's CEO emphasized the partnership's importance in navigating digital service demands, especially post-COVID-19. Jack Henry's expertise is vital for seamless transitions in challenging merger environments, highlighting the company's role as a technology leader in the financial services sector.

Jack Henry & Associates (NASDAQ: JKHY) announced a live webcast for its fourth quarter and fiscal year 2021 earnings conference call on August 18, 2021. The earnings press release will be available after market close on August 17, 2021. The call is accessible via the company website, starting at 7:45 a.m. Central Time. This follows the pattern of potential financial updates, as Jack Henry serves around 8,500 clients in the financial services industry with innovative SaaS solutions.

Jack Henry & Associates (NASDAQ: JKHY) announced a referral partnership with CU Business Group (CUBG), the largest business services CUSO, on August 3, 2021. This partnership aims to provide over 600 credit unions access to Jack Henry's payment, digital, and lending solutions. CUBG will refer a range of services, including digital loan management and payment solutions, to support credit unions in enhancing their business member relationships. The collaboration focuses on meeting the needs of business members and enabling credit unions to expand their service offerings.