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

NASDAQ

Website

www.jackhenry.com

CEO

David Foss

Incorporated

Delaware

Location

Missouri

Fiscal year end

Jun 30

Sector

Professional, Scientific, and Technical Services > Computer Systems Design Services

Industry (SIC)

Services - Computer Integrated Systems Design

Kyndryl • Leidos • CERNER • Godaddy • Parsons • Allscripts Healthcare Solutions • Open Text • Unisys • Caci International Inc. - Registered Shares • Light & Wonder ...

SEC CIK

0000779152

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Oppenheimer Maintains Outperform on Jack Henry & Associates, Lowers Price Target to $214

25 Jul 22

Oppenheimer analyst Dominick Gabriele maintains Jack Henry & Associates (NASDAQ:JKHY) with a Outperform and lowers the price target from $220 to $214.

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

15 Jun 22

Upgrades

Morgan Stanley Initiates Coverage On Jack Henry & Associates with Equal-Weight Rating, Announces Price Target of $190

15 Jun 22

Morgan Stanley analyst James Faucette initiates coverage on Jack Henry & Associates (NASDAQ:JKHY) with a Equal-Weight rating and announces Price Target of $190.

Jack Henry & Associates: Dividend Insights

23 May 22

9 Stocks Moved By Traders On 'Fast Money: Halftime Report'

20 May 22

Press releases

From Benzinga Pro

Jack Henry Survey Finds Community and Regional Financial Institution CEOs are Steadily Focused on Growing Loans, Efficiencies and Digital Services

10 Aug 22

Bank and credit union CEOs report on opportunities and business challenges in annual survey MONETT, Mo., Aug. 10, 2022 /PRNewswire/ -- Jack Henry™ (NASDAQ:JKHY) announced today results from its annual Strategic

Jack Henry & Associates to Acquire Payrailz

9 Aug 22

Acquisition of next-generation, AI-driven, cloud-native digital payment platform further expands Jack Henry's presence and capabilities in the payments industry MONETT, Mo., Aug. 9, 2022 /PRNewswire/ -- Jack Henry

Mimi Carsley Joins Jack Henry & Associates as Chief Financial Officer

8 Aug 22

Industry veteran brings 30 years of experience in financial technology, planning and corporate finance MONETT, Mo., Aug. 8, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc.® (NASDAQ:JKHY) announced today that

JACK HENRY & ASSOCIATES TO PROVIDE WEBCAST OF FOURTH QUARTER FISCAL YEAR END 2022 EARNINGS CALL

3 Aug 22

Jack Henry Introduces Refreshed Brand Focused on Strengthening Connections

2 Aug 22

Analyst ratings and price targets

Last 3 months

Average target

$202.00

Low target

$190.00

High target

$214.00

Calendar

6 May 22

12 Aug 22

30 Jun 23

Financial summary

Financial statements Chart JKHY financial data

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

Financial data from company earnings reports.

Recent insider trades

JKHY insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

JKHY institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Fiserv • Fidelity National Information Services

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.