WR Hambrecht + Co Initiates Coverage of Jack Henry (JKHY) With a Buy Rating And a Price Target of $29

Apr 11, 2001, 01:00 ET from WR Hambrecht + Co.

    SAN FRANCISCO, April 11 /PRNewswire/ -- WR Hambrecht + Co today initiated
 research coverage on Jack Henry (JKHY) with a Buy rating and a price target of
 $29.  WR Hambrecht's eFinance analyst Jeff Baker cites Jack Henry's discounted
 relative valuation and breadth of products as key reasons for the
 recommendations.  WR Hambrecht + Co offers all its research reports free and
 real-time at www.wrhambrecht.com.
     "As the company is able to grow in its top line and drive operating costs
 out of the model, we expect Jack Henry to continue delivering attractive
 earnings growth for its shareholders," Baker said.
     Baker estimates Jack Henry will earn $0.60 per share on revenues
 $328.4 million in 2001 and $0.76 on $392.4 million in 2002.  In
 2000, Jack Henry posted $0.40 EPS on $225.3 million in revenues.
     Jack Henry & Associates, Inc. is a provider of integrated computer systems
 to banks with under $10 billion of total assets, which are referred to as
 community banks, as well as credit unions and other financial institutions in
 the United States.
 
     About WR Hambrecht + Co
     WR Hambrecht + Co (www.wrhambrecht.com) is a financial services firm
 committed to using the Internet and auction process to provide openness,
 fairness and access for investors, as well as fair pricing for issuers.  The
 firm's earliest and best-known innovations are OpenIPO, an auction-based model
 for initial public offerings, and OpenBook, an auction for corporate debt
 offerings.  WR Hambrecht + Co provides underwriting and advisory services for
 technology and emerging growth companies, as well as equity research, sales
 and trading, electronic brokerage and private equity offerings for
 institutions and individuals.  WR Hambrecht + Co has offices in San Francisco,
 New York, Boston, Philadelphia and Seattle and is backed by industry leaders
 including:  American Century, American Express, Crimson Ventures, epartners,
 Fidelity Ventures, Novell, Park Avenue Equity Partners, LP, Scudder Technology
 Fund, Kemper Technology Fund and Texas Pacific Group.
 
     WR Hambrecht + Co. is a member of the National Association of Securities
 Dealers, CRD number 45040.
 
 

SOURCE WR Hambrecht + Co.
    SAN FRANCISCO, April 11 /PRNewswire/ -- WR Hambrecht + Co today initiated
 research coverage on Jack Henry (JKHY) with a Buy rating and a price target of
 $29.  WR Hambrecht's eFinance analyst Jeff Baker cites Jack Henry's discounted
 relative valuation and breadth of products as key reasons for the
 recommendations.  WR Hambrecht + Co offers all its research reports free and
 real-time at www.wrhambrecht.com.
     "As the company is able to grow in its top line and drive operating costs
 out of the model, we expect Jack Henry to continue delivering attractive
 earnings growth for its shareholders," Baker said.
     Baker estimates Jack Henry will earn $0.60 per share on revenues
 $328.4 million in 2001 and $0.76 on $392.4 million in 2002.  In
 2000, Jack Henry posted $0.40 EPS on $225.3 million in revenues.
     Jack Henry & Associates, Inc. is a provider of integrated computer systems
 to banks with under $10 billion of total assets, which are referred to as
 community banks, as well as credit unions and other financial institutions in
 the United States.
 
     About WR Hambrecht + Co
     WR Hambrecht + Co (www.wrhambrecht.com) is a financial services firm
 committed to using the Internet and auction process to provide openness,
 fairness and access for investors, as well as fair pricing for issuers.  The
 firm's earliest and best-known innovations are OpenIPO, an auction-based model
 for initial public offerings, and OpenBook, an auction for corporate debt
 offerings.  WR Hambrecht + Co provides underwriting and advisory services for
 technology and emerging growth companies, as well as equity research, sales
 and trading, electronic brokerage and private equity offerings for
 institutions and individuals.  WR Hambrecht + Co has offices in San Francisco,
 New York, Boston, Philadelphia and Seattle and is backed by industry leaders
 including:  American Century, American Express, Crimson Ventures, epartners,
 Fidelity Ventures, Novell, Park Avenue Equity Partners, LP, Scudder Technology
 Fund, Kemper Technology Fund and Texas Pacific Group.
 
     WR Hambrecht + Co. is a member of the National Association of Securities
 Dealers, CRD number 45040.
 
 SOURCE  WR Hambrecht + Co.