Financial services

Jack Henry: IT solutions for the financial services industry

Chart of the Day is owned by computer systems design firm Jack Henry & Associates (JKHY). I found the stock using Barchart’s powerful filter feature to find the stock with the highest weighted alpha and technical buy signals closest to their 52-week highs, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/2, the stock has gained 16.08%. The stock is within 0.05% of its 52-week high.

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community institutions to multi-billion dollar asset institutions under the Jack Henry Banking brand; master data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, payment imaging and processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and businesses under the ProfitStars brand. It also provides a suite of integrated applications needed to process deposit, loan, and general ledger transactions, as well as maintain centralized customer/member information; and complementary products and services that enable key bank and credit union customers to meet changing customer/member demands. The company’s commercial Jack Henry Banking brand offers SilverLake, a robust solution primarily designed for commercial banks; CIF 20/20, a configurable and easy-to-use system for banks; and Core Director, a cost-effective system with point-and-click operation. Its commercial brand Symitar provides Episys, a robust platform designed for credit unions. Additionally, the company offers digital products and services and electronic payment solutions; buys and resells hardware systems, including servers, workstations, scanners and other devices; and provides implementation, training and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.

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Analysts and Investor Sentiment – I’m not buying stocks because everyone else is buying them, but I realize that if big companies and investors dump a stock, it’s hard to make money against it. -running :