Latest news with #BobHammel
Yahoo
3 days ago
- Business
- Yahoo
Jack Henry & Associates, Inc. (JKHY): A Bull Case Theory
We came across a bullish thesis on Jack Henry & Associates, Inc. on Bob's Payment Stock's Substack by Bob Hammel. In this article, we will summarize the bulls' thesis on JKHY. Jack Henry & Associates, Inc.'s share was trading at $180.90 as of July 24th. JKHY's trailing and forward P/E were 30.82 and 28.33, respectively according to Yahoo Finance. A customer using a mobile banking app at home to securely transfer money. Jack Henry & Associates stands out among bank technology providers with consistent 7%+ organic revenue growth, stable demand, and strong relationships with U.S. community banks and credit unions, supported by six-year contracts and low attrition. The company's portfolio includes core processing systems, digital banking through its Banno platform, card processing, ACH, bill pay, and fraud management, all benefiting from user- and account-based revenue models that scale with clients. Despite its durable growth, margins have stagnated due to rising costs, continued investment in innovation and security, and margin-dilutive acquisitions, while free cash flow conversion has fallen to 69% from nearly 90% historically, largely because of tax code changes, lower deconversion fees, and increased vendor prepayments. Shares trade at 26.8x fiscal 2026 EPS estimates, a multiple compressed from prior highs despite EPS compounding at 9% annually since 2019, as investors question the pace of margin expansion and free cash flow recovery. With gross leverage of just 0.2x, disciplined capital allocation, and returns on tangible assets in the low-20% range, Jack Henry is positioned to support increased dividends and opportunistic buybacks. Management's modernization roadmap, modular product design, and continued share gains from Fiserv and FIS underscore a long-term growth runway. Risks include banking consolidation, technological disruption, and competitive pressure, but resilient demand, embedded customer relationships, and a prudent operating model provide a strong buffer. A fair value estimate of $168 implies limited upside at current prices, with $150 seen as an attractive entry. Successful margin expansion and restored free cash flow conversion could drive a meaningful rerating. Previously, we covered a bullish thesis on Cognizant Technology Solutions Corporation (CTSH) by Magnus Ofstad in May 2025, which highlighted CTSH's AI-led productivity strategy, accelerating revenue growth, and expanding partnerships. The company's stock price has depreciated by approximately 1.24% since our coverage as macro uncertainties tempered sentiment. The thesis still stands as CTSH advances its AI-focused growth. Bob Hammel shares a similar view, emphasizing Jack Henry's predictable growth and disciplined capital allocation in bank technology. Jack Henry & Associates, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held JKHY at the end of the first quarter which was 31 in the previous quarter. While we acknowledge the potential of JKHY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
22-07-2025
- Sport
- Washington Post
Bob Hammel, legendary Indiana sports writer and friend of Bob Knight, dies at 88
BLOOMINGTON, Ind. — Bob Hammel, who covered 23 NCAA Final Fours and 29 Indiana high school basketball tournament championships during a 52-year sports writing career that included a close friendship with late Hall of Fame coach Bob Knight, has died. He was 88. Hammel died Sunday at Bell Trace, a senior living community in Bloomington, according to an obituary in The Herald-Times, his longtime employer. No cause of death was given. The lifelong Indiana resident spent 40 years with the Bloomington Herald-Telephone and later Herald-Times, including 30 as sports editor. Hammel was a member of several halls of fame, including the U.S. Basketball Writers Association, Football Writers Association of America, Indiana Journalism and Indiana University Athletics. He served terms as president of the Basketball and Football Writers associations. He received the Curt Gowdy Media Award from the Naismith Memorial Basketball Hall of Fame and the Bert McGrane Award from the Football Writers Association. Hammel won the Indiana Sportswriter of the Year award 21 times. He authored or co-authored 14 books, including the 2002 autobiography of Knight, the fiery IU basketball coach who died in 2023. They also teamed in 2012 for a book titled 'The Power of Negative Thinking.' Upon retiring as Big Ten Conference commissioner in 2020, Jim Delany said, 'Bob Hammel is simply the most important Big Ten writer in the last 50 years.' Hammel, a native of Huntington, Indiana, attended Indiana University for a year. He took a summer job as sports editor of his hometown paper and instead of returning to school that fall, he stayed on at the paper for eight years. He worked at papers in Peru, Fort Wayne, Kokomo and Indianapolis before being hired as sports editor of the Herald-Telephone in 1966. His career included covering five Olympics before he retired from sports writing in 1996. He is survived by Julie, his wife of 67 years, son Richard Hammel and daughter Jane Priest. ___ AP college basketball: and
Yahoo
22-07-2025
- Sport
- Yahoo
Bob Hammel, legendary Indiana sports writer and friend of Bob Knight, dies at 88
BLOOMINGTON, Ind. (AP) — Bob Hammel, who covered 23 NCAA Final Fours and 29 Indiana high school basketball tournament championships during a 52-year sports writing career that included a close friendship with late Hall of Fame coach Bob Knight, has died. He was 88. Hammel died Sunday at Bell Trace, a senior living community in Bloomington, according to an obituary in The Herald-Times, his longtime employer. No cause of death was given. The lifelong Indiana resident spent 40 years with the Bloomington Herald-Telephone and later Herald-Times, including 30 as sports editor. Hammel was a member of several halls of fame, including the U.S. Basketball Writers Association, Football Writers Association of America, Indiana Journalism and Indiana University Athletics. He served terms as president of the Basketball and Football Writers associations. He received the Curt Gowdy Media Award from the Naismith Memorial Basketball Hall of Fame and the Bert McGrane Award from the Football Writers Association. Hammel won the Indiana Sportswriter of the Year award 21 times. He authored or co-authored 14 books, including the 2002 autobiography of Knight, the fiery IU basketball coach who died in 2023. They also teamed in 2012 for a book titled 'The Power of Negative Thinking.' Upon retiring as Big Ten Conference commissioner in 2020, Jim Delany said, "Bob Hammel is simply the most important Big Ten writer in the last 50 years.' Hammel, a native of Huntington, Indiana, attended Indiana University for a year. He took a summer job as sports editor of his hometown paper and instead of returning to school that fall, he stayed on at the paper for eight years. He worked at papers in Peru, Fort Wayne, Kokomo and Indianapolis before being hired as sports editor of the Herald-Telephone in 1966. His career included covering five Olympics before he retired from sports writing in 1996. He is survived by Julie, his wife of 67 years, son Richard Hammel and daughter Jane Priest. ___ AP college basketball: and
Fox Sports
22-07-2025
- Sport
- Fox Sports
Bob Hammel, legendary Indiana sports writer and friend of Bob Knight, dies at 88
Associated Press BLOOMINGTON, Ind. (AP) — Bob Hammel, who covered 23 NCAA Final Fours and 29 Indiana high school basketball tournament championships during a 52-year sports writing career that included a close friendship with late Hall of Fame coach Bob Knight, has died. He was 88. Hammel died Sunday at Bell Trace, a senior living community in Bloomington, according to an obituary in The Herald-Times, his longtime employer. No cause of death was given. The lifelong Indiana resident spent 40 years with the Bloomington Herald-Telephone and later Herald-Times, including 30 as sports editor. Hammel was a member of several halls of fame, including the U.S. Basketball Writers Association, Football Writers Association of America, Indiana Journalism and Indiana University Athletics. He served terms as president of the Basketball and Football Writers associations. He received the Curt Gowdy Media Award from the Naismith Memorial Basketball Hall of Fame and the Bert McGrane Award from the Football Writers Association. Hammel won the Indiana Sportswriter of the Year award 21 times. He authored or co-authored 14 books, including the 2002 autobiography of Knight, the fiery IU basketball coach who died in 2023. They also teamed in 2012 for a book titled 'The Power of Negative Thinking.' Upon retiring as Big Ten Conference commissioner in 2020, Jim Delany said, "Bob Hammel is simply the most important Big Ten writer in the last 50 years.' Hammel, a native of Huntington, Indiana, attended Indiana University for a year. He took a summer job as sports editor of his hometown paper and instead of returning to school that fall, he stayed on at the paper for eight years. He worked at papers in Peru, Fort Wayne, Kokomo and Indianapolis before being hired as sports editor of the Herald-Telephone in 1966. His career included covering five Olympics before he retired from sports writing in 1996. He is survived by Julie, his wife of 67 years, son Richard Hammel and daughter Jane Priest. ___ AP college basketball: and recommended Item 1 of 1 in this topic
Associated Press
22-07-2025
- Sport
- Associated Press
Bob Hammel, legendary Indiana sports writer and friend of Bob Knight, dies at 88
BLOOMINGTON, Ind. (AP) — Bob Hammel, who covered 23 NCAA Final Fours and 29 Indiana high school basketball tournament championships during a 52-year sports writing career that included a close friendship with late Hall of Fame coach Bob Knight, has died. He was 88. Hammel died Sunday at Bell Trace, a senior living community in Bloomington, according to an obituary in The Herald-Times, his longtime employer. No cause of death was given. The lifelong Indiana resident spent 40 years with the Bloomington Herald-Telephone and later Herald-Times, including 30 as sports editor. Hammel was a member of several halls of fame, including the U.S. Basketball Writers Association, Football Writers Association of America, Indiana Journalism and Indiana University Athletics. He served terms as president of the Basketball and Football Writers associations. He received the Curt Gowdy Media Award from the Naismith Memorial Basketball Hall of Fame and the Bert McGrane Award from the Football Writers Association. Hammel won the Indiana Sportswriter of the Year award 21 times. He authored or co-authored 14 books, including the 2002 autobiography of Knight, the fiery IU basketball coach who died in 2023. They also teamed in 2012 for a book titled 'The Power of Negative Thinking.' Upon retiring as Big Ten Conference commissioner in 2020, Jim Delany said, 'Bob Hammel is simply the most important Big Ten writer in the last 50 years.' Hammel, a native of Huntington, Indiana, attended Indiana University for a year. He took a summer job as sports editor of his hometown paper and instead of returning to school that fall, he stayed on at the paper for eight years. He worked at papers in Peru, Fort Wayne, Kokomo and Indianapolis before being hired as sports editor of the Herald-Telephone in 1966. His career included covering five Olympics before he retired from sports writing in 1996. He is survived by Julie, his wife of 67 years, son Richard Hammel and daughter Jane Priest. ___ AP college basketball: and
