Jack Henry Returns to M&A in Fiscal 1Q
Wide-moat Jack Henry & Associates got off to a good start in its fiscal 2018 with steady growth in revenue and income. Sales in the first quarter grew 4% from the previous year. While this is slower than our forecast for the year, after adjusting for deconversion fees, Jack Henry achieved organic revenue growth of 6%. This matches our revenue forecast for the year. The bottom line grew closely in line with revenue. During the quarter, Jack Henry earned $0.82 per share, representing year-on-y...Jack Henry & Associates is a provider of information processing solutions for community banks. The company's range of products and services includes processing transactions, automating business processes, and managing information for financial institutions and corporate entities. The company's proprietary solutions are marketed through three primary business brands: Jack Henry Banking, which is a provider of integrated data processing systems; Symitar, which is a provider of data processing solutions for credit unions of various sizes; and ProfitStars, which is a provider of agnostic products and services to financial institutions that are primarily not main customers of the company
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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