In the world of fintech, Jack Henry & Associates (NASDAQ: JKHY) is one of the oldest and most successful—and among the least talked about. While investors chase flashier names, the company quietly keeps about 7,400 community banks and credit unions running every day.
That’s the good news and the bad news. Switching providers is costly and disruptive for its clients, so Jack Henry has a revenue predictability that most fintechs can only imagine. But its clients are smaller banks and credit unions, each of which faces financial pressures and is more likely to merge or be acquired than other institutions.
