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Jack Henry (JKHY) Boosts Clientele With Woodsville Tie-Up
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Jack Henry & Associates (JKHY - Free Report) is consistently gaining momentum among customers on the back of its robust fintech solutions.
This is evident from Jack Henry’s recent selection by the Woodsville Guaranty Savings Bank to improve the latter’s operational efficiencies.
The bank will leverage JKHY’s complete suite of digital features and functionalities, including the Banno Digital Platform, to streamline and automate banking procedures.
Jack Henry’s partnerships with multiple fintech partners will enable the bank to connect with more than 850 third-party fintechs.
On the back of Jack Henry’s advanced solutions, Woodsville aims to provide an enhanced user experience to both customers and employees.
With Jack Henry’s selection, its customer base naturally strengthened. This is expected to contribute to JKHY’s top-line growth in the upcoming period.
This, in turn, is expected to help Jack Henry win investors’ confidence in the days ahead.
Shares of JKHY have been up 9.8% in the year-to-date period against the Computer and Technology sector’s decline of 34.6%.
Apart from this recent collaboration, in July, Jack Henry was picked by LINKBANCORP. The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage, to enhance operational efficiencies and offer better banking facilities to customers.
In May, Jack Henry announced that Great Plains National Bank is using its BusinessManager solution to help local businesses generate additional revenue sources and survive in the post-pandemic world.
The Bank of Burlington, RockPoint Bank and Moultrie Bank & Trust chose JKHY’s technology platform to make their financial services accessible to local communities.
Jack Henry and Old Second National Bank expanded their relationship to help the latter execute growth and digital strategies.
JKHY also extended its alliance with Independent Financial. Per the terms of the deal, Independent Financial leverages Jack Henry’s digital lending platform LoanVantage to automate commercial loans for small and medium-sized businesses.
Portfolio Strength
Jack Henry’s growing momentum among customers is attributed to its efficient and reliable portfolio of financial solutions.
Recently, Jack Henry signed an agreement to take over a digital payments company named Payrailz. With this acquisition, Jack Henry aims to expand its payment services to help financial institutions seamlessly cater to the needs of consumer and commercial account holders.
JKHY introduced the Vendor Management Program to its Governance, Risk and Compliance Suite to provide assistance to financial institutions.
Jack Henry also unveiled SecurePort for banks to help customers access account balances and funds as well as protect the same in times of crisis.
In addition, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal, providing near real-time servicing to lenders anytime and anywhere.
However, JKHY is currently suffering increasing expenses related to the card processing platform. Further, rising headcounts and personnel costs are hurting its profit margin.
Zacks Rank & Stocks to Consider
Currently, Jack Henry carries a Zacks Rank #4 (Sell).
Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Arista Networks (ANET - Free Report) , Teradata (TDC - Free Report) and Monolithic Power Systems (MPWR - Free Report) . While Arista Networks sports a Zacks Rank #1 (Strong Buy), Teradata and Monolithic Power Systems carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista Networks has lost 24.1% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.6%.
Teradata has lost 28.8% in the year-to-date period. The long-term earnings growth rate for TDC is currently projected at 27.4%.
Monolithic Power Systems has lost 25.6% in the year-to-date period. The long-term earnings growth rate for MPWR is currently projected at 25%.
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Jack Henry (JKHY) Boosts Clientele With Woodsville Tie-Up
Jack Henry & Associates (JKHY - Free Report) is consistently gaining momentum among customers on the back of its robust fintech solutions.
This is evident from Jack Henry’s recent selection by the Woodsville Guaranty Savings Bank to improve the latter’s operational efficiencies.
The bank will leverage JKHY’s complete suite of digital features and functionalities, including the Banno Digital Platform, to streamline and automate banking procedures.
Jack Henry’s partnerships with multiple fintech partners will enable the bank to connect with more than 850 third-party fintechs.
On the back of Jack Henry’s advanced solutions, Woodsville aims to provide an enhanced user experience to both customers and employees.
With Jack Henry’s selection, its customer base naturally strengthened. This is expected to contribute to JKHY’s top-line growth in the upcoming period.
This, in turn, is expected to help Jack Henry win investors’ confidence in the days ahead.
Shares of JKHY have been up 9.8% in the year-to-date period against the Computer and Technology sector’s decline of 34.6%.
Jack Henry & Associates, Inc. Price and Consensus
Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote
Growing Customer Base
Apart from this recent collaboration, in July, Jack Henry was picked by LINKBANCORP. The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage, to enhance operational efficiencies and offer better banking facilities to customers.
In May, Jack Henry announced that Great Plains National Bank is using its BusinessManager solution to help local businesses generate additional revenue sources and survive in the post-pandemic world.
The Bank of Burlington, RockPoint Bank and Moultrie Bank & Trust chose JKHY’s technology platform to make their financial services accessible to local communities.
Jack Henry and Old Second National Bank expanded their relationship to help the latter execute growth and digital strategies.
JKHY also extended its alliance with Independent Financial. Per the terms of the deal, Independent Financial leverages Jack Henry’s digital lending platform LoanVantage to automate commercial loans for small and medium-sized businesses.
Portfolio Strength
Jack Henry’s growing momentum among customers is attributed to its efficient and reliable portfolio of financial solutions.
Recently, Jack Henry signed an agreement to take over a digital payments company named Payrailz. With this acquisition, Jack Henry aims to expand its payment services to help financial institutions seamlessly cater to the needs of consumer and commercial account holders.
JKHY introduced the Vendor Management Program to its Governance, Risk and Compliance Suite to provide assistance to financial institutions.
Jack Henry also unveiled SecurePort for banks to help customers access account balances and funds as well as protect the same in times of crisis.
In addition, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal, providing near real-time servicing to lenders anytime and anywhere.
However, JKHY is currently suffering increasing expenses related to the card processing platform. Further, rising headcounts and personnel costs are hurting its profit margin.
Zacks Rank & Stocks to Consider
Currently, Jack Henry carries a Zacks Rank #4 (Sell).
Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Arista Networks (ANET - Free Report) , Teradata (TDC - Free Report) and Monolithic Power Systems (MPWR - Free Report) . While Arista Networks sports a Zacks Rank #1 (Strong Buy), Teradata and Monolithic Power Systems carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista Networks has lost 24.1% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.6%.
Teradata has lost 28.8% in the year-to-date period. The long-term earnings growth rate for TDC is currently projected at 27.4%.
Monolithic Power Systems has lost 25.6% in the year-to-date period. The long-term earnings growth rate for MPWR is currently projected at 25%.