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
Website
CEO
David Foss
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
News
Oppenheimer Maintains Outperform on Jack Henry & Associates, Lowers Price Target to $214
25 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022
15 Jun 22
Morgan Stanley Initiates Coverage On Jack Henry & Associates with Equal-Weight Rating, Announces Price Target of $190
15 Jun 22
Jack Henry & Associates: Dividend Insights
23 May 22
9 Stocks Moved By Traders On 'Fast Money: Halftime Report'
20 May 22
Press releases
Jack Henry Survey Finds Community and Regional Financial Institution CEOs are Steadily Focused on Growing Loans, Efficiencies and Digital Services
10 Aug 22
Jack Henry & Associates to Acquire Payrailz
9 Aug 22
Mimi Carsley Joins Jack Henry & Associates as Chief Financial Officer
8 Aug 22
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
Current price
Average target
$202.00
Low target
$190.00
High target
$214.00
Oppenheimer
Maintains
$214.00
Morgan Stanley
Initiated
$190.00
Calendar
6 May 22
12 Aug 22
30 Jun 23
Financial summary
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Diluted EPS |
Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
90.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 639 |
Opened positions | 70 |
Closed positions | 67 |
Increased positions | 220 |
Reduced positions | 247 |
13F shares | Current |
---|---|
Total value | 12.92B |
Total shares | 65.65M |
Total puts | 58.5K |
Total calls | 30.4K |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 8.57M | $1.69B |
BLK Blackrock | 7.22M | $1.42B |
APG Asset Management | 4.42M | $871.43M |
STT State Street | 3.23M | $636.71M |
Kayne Anderson Rudnick Investment Management | 3.05M | $601.09M |
CIBC Private Wealth | 1.92M | $378.87M |
Geode Capital Management | 1.63M | $321.23M |
Parnassus Investments | 1.5M | $296.47M |
WFC Wells Fargo & Co. | 1.38M | $272.62M |
JPM JPMorgan Chase & Co. | 1.04M | $204.95M |
Financial report summary
?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.
Content analysis
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H.S. freshman Avg
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New words:
nominal, official, sale, subscription, voluntarily, yield
Removed:
enhanced, introduced, sanitation, vaccine
Financial reports
Current reports
8-K
Mimi Carsley Joins Jack Henry & Associates as Chief Financial Officer
8 Aug 22
8-K
Departure of Directors or Certain Officers
29 Jul 22
8-K
Departure of Directors or Certain Officers
4 May 22
8-K
2022 Q3
Jack Henry & Associates, Inc. Reports Third Quarter Fiscal 2022 Results
3 May 22
8-K
Entry into a Material Definitive Agreement
17 Feb 22
8-K
2022 Q2
Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2022 Results
8 Feb 22
8-K
Jack Henry & Associates Names Greg Adelson Company President
25 Jan 22
8-K/A
Departure of Directors or Certain Officers
25 Jan 22
8-K
Submission of Matters to a Vote of Security Holders
18 Nov 21
8-K
2022 Q1
Jack Henry & Associates, Inc. Reports First Quarter Fiscal 2022 Results
8 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
24 Aug 17
S-8
Registration of securities for employees
15 Nov 16
S-8
Registration of securities for employees
26 Nov 15
S-8
Registration of securities for employees
21 Nov 06
S-8
Registration of securities for employees
1 Dec 05
S-8
Registration of securities for employees
1 Dec 05
S-8
Registration of securities for employees
21 Dec 04
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Jun 03
S-8
Registration of securities for employees
5 Dec 02
S-3
Shelf registration
29 Jul 01
Other
UPLOAD
Letter from SEC
10 Jun 13
CORRESP
Correspondence with SEC
23 May 13
UPLOAD
Letter from SEC
14 May 13
CORRESP
Correspondence with SEC
18 Apr 13
UPLOAD
Letter from SEC
8 Apr 13
UPLOAD
Letter from SEC
26 Apr 12
CORRESP
Correspondence with SEC
28 Mar 12
UPLOAD
Letter from SEC
14 Mar 12
UPLOAD
Letter from SEC
13 Apr 08
CORRESP
Correspondence with SEC
1 Apr 08
Ownership
4
HENRY JACK & ASSOCIATES / Stacey E. Zengel ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / KEVIN D WILLIAMS ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / Renee Ann Swearingen ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / Craig Keith Morgan ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / David B Foss ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / Gregory R. Adelson ownership change
5 Aug 22
4
HENRY JACK & ASSOCIATES / MATTHEW C FLANIGAN ownership change
30 Jun 22
4/A
HENRY JACK & ASSOCIATES / MATTHEW C FLANIGAN ownership change
30 Jun 22
11-K
Annual report of employee stock purchases
28 Jun 22
3
HENRY JACK & ASSOCIATES / Renee Ann Swearingen ownership change
16 May 22
Transcripts
2022 Q3
Earnings call transcript
4 May 22
2022 Q2
Earnings call transcript
9 Feb 22
2022 Q1
Earnings call transcript
9 Nov 21
2021 Q4
Earnings call transcript
18 Aug 21
2021 Q3
Earnings call transcript
4 May 21
2021 Q2
Earnings call transcript
9 Feb 21
2021 Q1
Earnings call transcript
5 Nov 20
2020 Q4
Earnings call transcript
19 Aug 20
2020 Q3
Earnings call transcript
5 May 20
2020 Q2
Earnings call transcript
5 Feb 20
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