Jack Henry & Associates provides software and payment processing for banks and credit unions. Its cloud-native platform on Google Cloud unifies core banking, digital banking, payments, loans, and deposits into one ecosystem and supports gradual migration from legacy systems. It differentiates itself with a long-standing, comprehensive banking technology suite delivered on a cloud-native platform that allows smaller institutions to access modern technology without a disruptive switch, plus an end-to-end set of services and managed payments. Its goal is to help financial institutions modernize operations, reduce risk, and improve the accountholder experience so they can compete with larger banks.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Monett, Missouri
Founded
2000
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Jack Henry & Associates, a financial technology company with a $10.4 billion market cap, has underperformed the Dow Jones Industrial Average over the past year. The stock declined 1.1% over 52 weeks, whilst the Dow gained 11.3%. Year-to-date, shares fell 18.7%, compared to the Dow's 7.2% return. However, the stock has shown recent strength, rising 18.4% over three months and trading above its 50-day and 200-day moving averages since late June. Shares jumped 6.5% following better-than-expected Q4 results on 18 August, with earnings per share of $1.57 and revenue of approximately $644 million. Despite the underperformance, analysts remain cautiously optimistic. The stock has a consensus "Moderate Buy" rating from 20 analysts, with a mean price target of $188 representing a 26.7% premium to current levels.
Fenimore Asset Management has defended Jack Henry & Associates, a financial technology company serving community banks and credit unions, against concerns about disruption risks. In its Q2 2026 investor letter, Fenimore stated that despite Jack Henry's earnings growing 12.5%, the stock declined as investors moved away from software firms. The investment manager said its in-depth research suggests the disruption thesis is incorrect. As of 18 September 2026, Jack Henry shares traded at $154.85, down 9.18% over the previous month but up 2.24% year-over-year. The company has a market capitalisation of $10.86 billion. According to Fenimore's database, 50 hedge funds held Jack Henry at the end of Q2 2026, up from 38 in the previous quarter.
Trust Stamp has integrated its driver's licence verification technology with Jack Henry's Banno Digital Platform. The AI-powered identity solutions provider embedded its AAMVA Driver's Licence Data Verification system using the Banno Digital Toolkit API framework. The integration provides community and regional financial institutions access to real-time verification against official DMV records. This moves institutions from document authentication to data verification, addressing rising identity fraud driven by generative AI. Jack Henry's ecosystem includes over 1,000 fintechs serving more than 7,200 financial institutions. Trust Stamp president Andrew Gowasack said the integration enables banks and credit unions to deploy high-assurance protection directly into native banking experiences without adding friction for users.
Jack Henry & Associates has appointed Richard Preece to its board of directors, effective 20 August 2026. Preece will serve on the board's Human Capital & Compensation and Risk & Compliance committees. Preece, 51, is chief executive officer of Liminex, trading as GoGuardian, an education technology company supporting over 25 million students and 10,000 schools nationwide. Before joining GoGuardian in 2024, he was chief operating officer at LegalZoom.com from 2019 to 2024. He previously held various management positions at Intuit from 2002 to 2019, including US general manager for QuickBooks. The company also announced that director Wes Brown will not stand for reelection at its November annual meeting, in accordance with the company's retirement age policy. Brown has served on the board since 2015.
Jack Henry & Associates reported strong fiscal 2026 results with non-GAAP revenue of $2.5 billion, up 7% year-over-year. The financial technology firm achieved a record 58 competitive core wins, including 14 institutions with over $1 billion in assets. Operating margin expanded 92 basis points to 24%. GAAP earnings per share reached $6.98, whilst free cash flow increased 31% to $539 million. The company repurchased $448 million in shares, reducing outstanding shares by 4%, and paid $170 million in dividends. Cloud revenue grew 7%, representing 32% of total revenue, whilst recurring revenue accounted for 91%. Jack Henry demonstrated strong adoption of its integrated solutions, with 59% of core wins including its trifecta offering of core, digital, and card services, up from 39% the previous year. For fiscal 2027, the company forecasts non-GAAP revenue growth of 6.3% to 7.3%.