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Jack Henry & Associates, Inc. — Intrinsic Value & Fair Price

JKHY
NASDAQTechnologyInformation Technology ServicesCIK 0000779152jackhenry.comAbout JKHY
Last close · Oct 16, 2026153.19−3.28 (−2.10%)
Market cap$10.7B
Model value · DCF · Perpetuity growth · 5y
153.72
Jack Henry & Associates closed at $153.19 — right at the model value.
99.84the model's range366.24

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
58.96 – 237.24
Wall St. target
187.50 18% below
Below model, 1y
13 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.57%
Past 2 years
low 1.17%high 1.93%
Dividends per share, a year at a time
$1.81Sep ’21$1.93Sep ’22$2.05Sep ’23$2.17Sep ’24$2.29Sep ’25$2.41TTM
Dividends / free cash flow, FY2026
24.5%
Raised
22 years in a row
Growth, 5 yrs
5.9% a year
Last change
+5.2% · Mar 2026
Every payment, with ex-dates · latest $0.61, paid Sep 23, 2026

Research on JKHY

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How it is valued

Valued asMature & Stable
Low/slowing growth (~7% recent)Moderate margins (20% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (6.5%)
What growth the price implies: the reverse DCF

Key figures

FY2026
P/E
21.9×
EV / EBITDA
12.9×
FCF yield
6.3%
Dividend yield, TTM
1.57%
Beta
0.56
Cost of capital (WACC)
8.03%
Full financials

Analyst actions

third-party, quoted
10-09Piper Sandler · “Overweight” from “Neutral”upgrade
09-30Morgan Stanley · target158.00
09-28Seaport Global · target193.00
09-16Raymond James · target199.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label

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About Jack Henry & Associates

Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information. The Payments segment offers secure payment processing tools and services, including ATM, automated clearing house origination and remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions. The Complementary segment provides software, and hosted processing platforms and services comprising digital/mobile banking, treasury, online account opening, fraud/anti-money laundering, and lending/deposit solutions. The Corporate and Other segment offers hardware and other products. It offers specialized financial performance, imaging and payment, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities. The company also provides SilverLake system, a system primarily designed for commercial-focused banks; Symitar, a system designed for credit unions; CIF 20/20, a parameter-driven system for banks; and Core Director, a system with point-and-click operation for banks. It provides digital products and services under the Banno Digital Platform, and electronic payment solutions; hardware systems; implementation, training, and support and service solutions; data center solutions; and data and transaction processing, and software licensing and related services, as well as professional services. The company was founded in 1976 and is headquartered in Monett, Missouri.

CEO
Gregory R. Adelson
Headquarters
Monett, MO
Employees
7,300
IPO
1985-11-20
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.