Jack Henry ends fiscal year 18% ahead in earnings

Largely due to increased revenue and the sale of a software division, Monett-based Jack Henry & Associates Inc. (Nasdaq: JKHY) posted yearly net income of $248.9 million, an 18 percent increase from $211.2 million earnings in fiscal 2015.

The financial industry software firm’s diluted share earnings came to $3.12 for the year ended June 30, a 53-cent uptick, according to a news release.

“The sales teams for all three of our marketed brands ended their year ahead of plan, which should position us well for next year,” Jack Henry President and CEO David Foss said in the release. “Additionally, our employee engagement and customer satisfaction scores both continue to be very solid.”

Fiscal 2016 financial notes:
    •    Revenue rose 8 percent for the year to $1.4 billion and 10 percent for the fourth quarter to $367 million.
    •    Contributing to full-year earnings was fourth-quarter net income of $84.3 million, a 39 percent increase from a year earlier.
    •    Jack Henry sold its Goldleaf Enterprise Payments Inc. software division to Antelope Acquisition Co., adding 22 cents to earnings per share.

Jack Henry, which serves more than 10,600 customers, creates technology and payment processing products for the financial services industry.

JKHY shares were trading at $86.36 as of 10:10 a.m., compared with a 52-week range of $63.84 to $89.89.