Brett Girard, CPA, CA, CFA
Jack Henry & Associates, Inc.
JKHY-Q
DON'T BUY
Aug 13, 2021
A financial technology company that powers tech behind regional banks in the US. It helps process payments and move money. Not a name that would be interested to invest in. Would prefer Paychexs.
A little-known fintech, up 6.7% this year when most other fintechs got killed. Shares pulled back over the summer, but needs to fall evern further to be a buy. You can take a small position now.
Software for smaller US banks. Stay away. Bank failures in March 2023. Many of these smaller, regional banks have significant commercial real estate on balance sheets, and that's really come off. JKHY should be concerned about viability of some of these banks going forward.