Latest news with #JackHenry
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
Finextra
14-07-2025
- Business
- Finextra
Abound Credit Union picks Jack Henry Symitar core platform
Jack Henry (Nasdaq: JKHY) announced today that Abound Credit Union has selected the Symitar® core platform and its complementary cloud-based solutions to modernize the banking experience for its more than 130,000 members across Kentucky. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Founded 75 years ago as a small institution serving 10 Fort Knox employees, Abound Credit Union has grown to $2.4 billion in assets and is now a pillar of southern and central Kentucky communities. The credit union found it increasingly challenging to keep up with members' needs and attract younger generations with its legacy technology and workarounds. It needed a future-ready, flexible technology platform that would support growth without sacrificing the brand's personal connections. Jack Henry's open, cloud-native platform gives Abound a technology foundation that can support the credit union in its next chapter. 'Jack Henry understands our vision and what it takes to cater to our members' diverse financial situations,' said Ray Springsteen, CEO at Abound Credit Union. 'Its open platform seamlessly integrates third-party solutions, enabling members to have the financial services they rely on, while easily adding new capabilities as needs change. This empowers us to focus our resources on serving Kentuckians for the next 75 years and beyond.' Abound will leverage many of Jack Henry's complementary integrated solutions to deliver a more personalized, secure, and convenient experience. For example, Jack Henry Data Hub™ will provide real-time member insights, the Banno Digital Platform™ offers an intuitive digital experience, and the Banno Digital Toolkit™ allows for easy customization and smooth integration with third-party providers. Jack Henry's business banking, payments, lending, and financial crimes solutions also will enhance the credit union's offerings. 'Our technology modernization strategy is designed to empower institutions like Abound to embrace change, drive their own innovation, and deliver value to every member,' said Brynn Ammon, President of Credit Union Solutions at Jack Henry. 'The credit union is leveraging our foundation to create its own banking experience, one that rewards and brings value to a diverse member base. We're honored to help them build a resilient technology plan that will support their growth and further deepen their impact in Kentucky.'
Yahoo
07-07-2025
- Business
- Yahoo
First Mid Bank & Trust Chooses Jack Henry to Power Growth
Scalable, data-centric platform will support nearly $8 billion-asset bank's expansion and drive operational efficiency MONETT, Mo., July 7, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that First Mid Bank & Trust (First Mid) has selected Jack Henry to modernize its technology infrastructure, strengthen its operational efficiency, and support its continued growth across the Midwest. Founded in 1865 and with nearly $8 billion in assets, First Mid has grown from a rural Illinois bank into a full-service financial institution with over 80 branches across Illinois, Missouri, Texas, and Wisconsin, serving both retail and commercial customers. While rooted in small-town community banking, it has steadily expanded into urban markets like St. Louis. Over the past decade, First Mid has pursued an aggressive growth strategy that included multiple acquisitions while continuing to invest in organic growth. Today, the bank has a diversified portfolio that includes a full-service insurance agency and a wealth management division. To sustain this growth and remain competitive, First Mid sought a scalable and flexible technology foundation. Jack Henry's core processing platform and data-centric approach will help reduce manual tasks, streamline workflows, and gain greater control over how customer data is captured, accessed, and managed. Jack Henry's open ecosystem and access to over 950 API-integrated, third-party fintechs will allow the bank to select the best technology for its needs and further differentiate in the marketplace. "Our growth has been exciting, but it also showed us that we needed to modernize our technology stack," said Jeremy Frieburg, Chief Information Officer at First Mid. "We were looking for a provider that could integrate seamlessly with our systems and automate processes so we could better serve our customers. Jack Henry stood out with its configurable technology, open architecture, strong cultural alignment, and reputation for reliable service. Most importantly, it frees our teams to innovate and experiment in ways we couldn't before." Jack Henry's technology modernization strategy, which makes modern service components available for financial institutions in the public cloud, will offer a real advantage for the bank as it continues to grow organically and through strategic acquisitions. Frieburg continued, "Jack Henry isn't just talking about modernization – they're already doing it, and their scalable, future-ready platform gives us confidence that they will grow right alongside us." "A long-standing institution like First Mid needs modern, flexible technology to stay competitive in a fast-changing environment and to continue building on its legacy of growth", said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "We're proud to support the bank's evolution and accelerate innovation while helping them stay true to deep community roots." 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 nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at About First Mid Bancshares, Inc.: First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is a $7.6 billion community-focused organization that provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. Together, our First Mid team takes great pride in providing solutions and services to our customers and communities and has done so since 1865. This year, we proudly celebrate our 160th anniversary, marking a long history of dedication and service. More information about the Company is available on our website at Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol "FMBH". Member FDIC | Equal Housing Lender. Investments and Insurance Products: Not a Deposit | Not Guaranteed by the Bank or its Affiliates | Not FDIC Insured | Not Insured by Any Federal Government Agency | May Go Down in Value. View original content to download multimedia: SOURCE Jack Henry & Associates, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
William Mills Agency Releases Latest Bankers as Buyers Research Highlight & Expert Panel Report
Expert commentary explores bank and credit union appetite for small business banking ATLANTA, June 11, 2025--(BUSINESS WIRE)--William Mills Agency, the nation's leading fintech public relations and marketing firm, has published a new issue of its Bankers as Buyers™ Research Highlight & Expert Panel focused on bank and credit union's expansion plans regarding small businesses. This research highlight draws from the Jack Henry's 2025 Strategy Benchmark, which features responses from 149 bank and credit union CEOs and CFOs across the U.S. The panel address the question, "Over the next two years, will you expand services for small businesses?" The agency invited five thought leaders to weigh in on the implications of the survey's findings. Erica Pilon, Head of Strategy at Jack Henry, Will Tumulty, CEO at Rapid Finance, Jimmy Sawyers, Chairman at Sawyers & Jacobs, Jessica Pinkston, Senior Director at Cornerstone Advisors, and Lukas Haffer, Co-founder and CEO at Casca, provide insight into how financial institutions can better serve small business clients. Scott Mills, president of William Mills Agency, said, "In March, we launched our first Research Highlight and Expert Panel with the goal of taking a deep dive into the industry's most pressing issues. Small business clients are an attractive segment for financial institutions, however, their needs are complex and nuanced. Our panel provided timely, relevant comments on the biggest challenges and most promising technologies for institutions exploring commercial banking." The series condenses relevant research into a concise, insightful summary augmented by expert commentary from recognized leaders in the industry. Download the free Bankers as Buyers Research Highlight & Expert Panel here and share your comments. About William Mills Agency William Mills Agency is North America's leading fintech public relations and marketing firm. The agency has established its reputation through the successful execution of media relations, marketing services and crisis communications programs. The company serves clients ranging in size from small start-ups to large, publicly traded companies. For more information, please visit View source version on Contacts Media Contact: Kendall Carwilekendall@ 678-781-7224 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
Finextra
09-06-2025
- Business
- Finextra
Triangle CU chooses Jack Henry
Jack Henry™ (Nasdaq: JKHY) announced that Triangle Credit Union has chosen Jack Henry's Symitar platform and complementary products to better serve members and maintain a competitive market position. 0 Triangle Credit Union, which operates eight branch locations and services members across southern New Hampshire and Massachusetts, has grown steadily to support its community. In 1993, the credit union had around $70 million in assets and two branches. Today, the credit union supports nearly 58,000 members and manages $839 million in assets. Triangle offers a full range of personal and business financial services and is committed to meeting members' needs through progressive, cost-efficient solutions while maintaining a strong financial foundation. The credit union wanted a proven technology provider to support continued growth and help it efficiently expand services. They valued Jack Henry's open infrastructure, which offers the flexibility to integrate third-party providers of their choice. Triangle also appreciated Jack Henry's wide range of products and services, which helps minimize vendor management demands. For example, the credit union is a leader in business lending and prioritized Jack Henry's fully integrated origination experience. With Jack Henry LoanVantage™, Triangle Credit Union will replace multiple vendors and manual processes with a single platform that supports commercial lending and delivers the data and reporting the institution needs. 'Our decision-making process was very thorough,' said Scott MacKnight, CEO and President of Triangle. 'We gathered feedback from all stakeholders - every department had a voice in our meetings - and Jack Henry was incredibly patient, making our employees feel comfortable throughout the process. I am confident that we made the right choice; Jack Henry will be critical to scaling the financial services that set us apart, while maintaining the high level of member satisfaction that has defined our credit union's reputation for more than 80 years.' Culture was another key factor in the decision. Triangle appreciated Jack Henry's open atmosphere, specifically the ongoing support, transparent communication, and accessibility to senior-level executives. The structure gave them the confidence to transition from in-house to Jack Henry's private cloud environment, strengthening the credit union's disaster recovery and business continuity to protect members' data and ensure secure access to their finances. The credit union also plans to be an early adopter of the cloud-native, API-first Jack Henry Platform™, which will unify core, digital, and all other services into a single ecosystem for innovation. 'Investing in a new technology infrastructure is a huge decision, one that will shape the future of a credit union for many years to come,' said Brynn Ammon, President of Credit Union Solutions at Jack Henry. 'That is why we are excited to welcome Triangle as a client and to provide them with the foundation they need to support their business goals, maintain a strong competitive position, and prepare for whatever the future may bring. We look forward to growing alongside them and contributing to their rich reputation.'
