Jack Henry & Associates IncRecord Q3 revenue, 17 competitive core deals won, 43 new core deals YTD vs 28 last year, and strong adoption of Tap2Local.

Jack Henry & Associates reported record fiscal third-quarter results with non-GAAP revenue reaching $616 million, up 7.3% from a year earlier. The company won 17 competitive core deals in the quarter, including five with financial institutions over $1 billion in assets, and has secured 43 new core deals year to date, up from 28 in the same period last year. RBC Capital lowered its price target to $173 from $180 while reiterating an Outperform rating, citing continued re-rating across the fintech sector. CEO Gregory Adelson expressed high confidence the company will exceed the 51 core wins recorded in the previous year. More than 700 banks and credit unions are now live with Tap2Local, and active merchants have doubled to over 1,600 since targeted marketing began.
Jack Henry & Associates IncRecord Q3 revenue, 17 competitive core deals won, 43 new core deals YTD vs 28 last year, and strong adoption of Tap2Local.