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Based in Monett, Missouri, Jack Henry & Associates, Inc. (JKHY) caters mainly to community banks and credit unions by offering technology solutions and payment processing services. Valued at a market cap of $12.5 billion, the company provides transaction processing, business process automation, secure payment processing, and information management services.
Shares of payment processing company have underperformed the broader market over the past 52 weeks. JKHY has gained 9.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25%. In 2024, shares of JKHY are up 5.4%, compared to SPX’s 17.8% gain on a YTD basis.