The Seeds Jack Henry Has Been Planting Appear to Be Close to Blooming
Wide-moat Jack Henry’s third fiscal quarter echoed much of the same sentiment of its two closest peers. Business is strong, core processing providers are all seeing growing demand from banks, and Jack Henry has filled its sales pipeline with ease. For the third quarter, the company generated pro forma revenue of $361 million, achieving year-over-year growth of 6.3%. If we include GAAP revenue, Jack Henry grew revenue by 8.8% for the year. In addition, the company grew pro forma operating income ...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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