Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a provider of information processing solutions with a specific focus in commercial banks and saving institutions of up to $30 billion in assets. According to the FDIC there were more than 7,300 financial institutions that match Jack Henry's primary market. As a result we can conclude that Jack Henry's market share is around 18%.
Currently, the company is processing transactions, automating business processes and managing information for more than 1,330 banks, 750 credit unions and 11,000 domestic and international financial institutions that are non-core customers of the company. The majority of Jack Henry's revenue is recurring outsourcing fees, transaction fees and support and service fees that generally come with a 5-year...
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