Press Release: April 11, 2001

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

San Francisco, CA, April 11, 2001—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.