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Jack Henry & Associates (JKHY)

Jack Henry is a leading SaaS provider primarily for the financial services industry. It is a S&P 500 company that serves approximately 8,500 clients nationwide through three divisions: Jack Henry Banking®provides innovative solutions to community and regional banks. Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, it is well-positioned as a driving market force in cloud-based digital solutions and payment processing services. It empowers its clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go.

Company profile

Ticker
JKHY
Exchange
CEO
David Foss
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Goldleaf Insurance, LLC • JHA Payment Solutions, Inc. • Towne Services, Inc. • iPay Technologies, LLC • Profitstars, LLC • JHA Money Center, Inc. • Banno, LLC • Ensenta Corporation • Vanguard Software Group, LLC • DebtFolio, Inc. ...
IRS number
431128385

JKHY stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$202.00
Low target
$190.00
High target
$214.00
Oppenheimer
Maintains
Outperform
$214.00
25 Jul 22
Morgan Stanley
Initiated
Equal-Weight
$190.00
15 Jun 22

Calendar

6 May 22
12 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 39.8M 39.8M 39.8M 39.8M 39.8M 39.8M
Cash burn (monthly) (no burn) 2.53M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 11.12M n/a n/a n/a n/a
Cash remaining n/a 28.67M n/a n/a n/a n/a
Runway (months of cash) n/a 11.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Gregory R. Adelson Common Stock Payment of exercise Dispose F No No 208.09 370 76.99K 7,116
4 Aug 22 Gregory R. Adelson Common Stock Option exercise Acquire M No No 0 826 0 7,486
4 Aug 22 Gregory R. Adelson RSU Common Stock Grant Acquire A No No 0 2,487 0 2,487
4 Aug 22 Gregory R. Adelson RSU Common Stock Option exercise Dispose M No No 0 826 0 1,650
4 Aug 22 Foss David B Common Stock Payment of exercise Dispose F No No 208.09 2,041 424.71K 104,039
4 Aug 22 Foss David B Common Stock Option exercise Acquire M No No 0 5,185 0 106,080
4 Aug 22 Foss David B RSU Common Stock Grant Acquire A No No 0 14,417 0 14,417
4 Aug 22 Foss David B RSU Common Stock Option exercise Dispose M No No 0 5,185 0 10,369
4 Aug 22 Renee Ann Swearingen Common Stock Payment of exercise Dispose F No No 208.09 88 18.31K 650
4 Aug 22 Renee Ann Swearingen Common Stock Option exercise Acquire M No No 0 195 0 738
90.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 639 636 +0.5%
Opened positions 70 88 -20.5%
Closed positions 67 61 +9.8%
Increased positions 220 231 -4.8%
Reduced positions 247 213 +16.0%
13F shares Current Prev Q Change
Total value 12.92B 10.92B +18.3%
Total shares 65.65M 65.55M +0.2%
Total puts 58.5K 97.4K -39.9%
Total calls 30.4K 29K +4.8%
Total put/call ratio 1.9 3.4 -42.7%
Largest owners Shares Value Change
Vanguard 8.57M $1.69B -1.4%
BLK Blackrock 7.22M $1.42B +0.2%
APG Asset Management 4.42M $871.43M +160.9%
STT State Street 3.23M $636.71M -1.2%
Kayne Anderson Rudnick Investment Management 3.05M $601.09M +3.5%
CIBC Private Wealth 1.92M $378.87M -0.5%
Geode Capital Management 1.63M $321.23M +4.4%
Parnassus Investments 1.5M $296.47M 0.0%
WFC Wells Fargo & Co. 1.38M $272.62M +10.1%
JPM JPMorgan Chase & Co. 1.04M $204.95M +77.7%
Largest transactions Shares Bought/sold Change
APG Asset Management 4.42M +2.73M +160.9%
Sarasin & Partners 666.92K -602.25K -47.5%
JPM JPMorgan Chase & Co. 1.04M +454.72K +77.7%
Arrowstreet Capital, Limited Partnership 48.34K -447.35K -90.2%
Lord, Abbett & Co. 642.64K +439.11K +215.8%
Citadel Advisors 79.61K -282.64K -78.0%
Scout Investments 273.54K +273.54K NEW
Two Sigma Investments 50.08K -271.88K -84.4%
Clearbridge Advisors 0 -267.23K EXIT
Riverbridge Partners 186.45K -233.83K -55.6%

Financial report summary

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Management Discussion
  • For the third quarter of fiscal 2022, total revenue increased 10%, or $44,484, compared to the same quarter in fiscal 2021. Total revenue less deconversion fee and acquisition and divestiture revenues of $17,431 and $71, respectively, for the current fiscal quarter and less deconversion fee revenues of $4,367 for the prior fiscal quarter, results in an increase of 7%, quarter over quarter. This increase was primarily driven by growth in public and private cloud, transaction and digital, remittance processing, card processing, and implementation fee revenues.
  • Operating expenses increased 7% for the third quarter of fiscal 2022 compared to the third quarter of fiscal 2021, primarily due to increased direct costs and higher personnel costs. The increase in direct costs was primarily related to increased card volume activity processed through our card payment processing platform and Jack Henry digital and were in alignment with the increases in revenue described above. Higher personnel costs were primarily related to salary and pay-related increases in the trailing twelve months.
  • Operating income increased 22% for the third quarter of fiscal 2022 compared to the third quarter of fiscal 2021. Operating income less deconversion fee operating income of $15,482 and adjusted for acquisition and divestiture operating loss of $306 for the current fiscal quarter, and less deconversion fee operating income of $3,967 for the prior fiscal quarter, results in an 11% increase for the third quarter of fiscal 2022, quarter over quarter. This increase in operating income was primarily driven by revenue growth partially offset by increased operating expenses, as detailed above.

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