Jack Henry’s (JKHY) clientele grows stronger with Univest deal

Jack Henry & Associates JKHY is constantly gaining traction among community banks and many other financial institutions through Jack Henry Banking.

This is clear from the recent extension of the company’s partnership with Univest Bank and Trust Co.

Univest strives to leverage Jack Henry Banking’s comprehensive solutions portfolio on the back of the extended relationship.

In the wake of the latest deal, Univest uses JHA PayCenter to deliver person-to-person payments by connecting to payment networks in real time.

In addition, JHA OpenAnywhere is used by Univest to strengthen its new base of consumer accounts.

Along with this, Univest uses Jack Henry’s digital Banno platform to integrate modern technology with personalized service.

We believe the extended partnership should contribute well to the performance of Jack Henry’s Core segment in the short term.

Jack Henry & Associates, Inc. (TTM) revenue

Jack Henry & Associates, Inc. Revenue (TTM)

Jack Henry & Associates, Inc. income-ttm | Quote from Jack Henry & Associates, Inc.

Winning clientele

Jack Henry’s latest extended partnership will strengthen his growing customer base.

In addition to the highlighted deal, the State Department Federal Credit Union recently migrated its Episys core IT infrastructure and all of its IT infrastructure to the Jack Henry private cloud environment.

In addition, BankPlus has chosen the SilverLake system from Jack Henry Banking to achieve greater efficiency.

In addition, the First State Bank of the Southeast has extended its relationship with Jack Henry and selected the latter’s digital business lending solution to automate the business lending process.

Final result

We believe the expanding customer base will continue to drive Jack Henry’s top line growth, which in turn will generate optimism among investors in the stock.

The company’s strong momentum in the Core, Payments, Complementary and Enterprise segments will likely continue to help it attract customers to its platform.

In addition, robust technological solutions and expanding customer relationships will strengthen its market position.

Additionally, growing adoption of core solutions, debit and credit processing solutions, card processing solutions, Banno Digital Platform and JHA BankAnywhere underscores the high reliability of Jack Henry’s solutions portfolio. .

Zacks ranking and actions to take into account

Jack Henry currently wears a Zacks Rank # 3 (Hold).

Some better ranked stocks in the wider tech sector are NXP semiconductors NXPI, Analog devices ADI and Agilent Technologies A. All three actions have a Zacks Rank # 2 (Buy). You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks here.

Long-term earnings growth rates for NXP Semiconductors, Analog Devices and Agilent Technologies are currently set at 10%, 12.35% and 9%, respectively.

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