---
title: Jack Henry & Associates (JKHY) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/jkhy
ticker: JKHY
as_of: 2026-10-18
sector: Technology
industry: Information Technology Services
---
# Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) closed at $153.19 on Oct 16, 2026, right at its model value of $153.72 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $153.19 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $153.72 |
| Price vs model | at model value |
| Range of that model | $99.84 – $366.24 |
| Market value | $10.7B |
| P/E (fiscal 2026) | 21.9 |
| Net margin (fiscal 2026) | 20.1% |
| Free cash flow (fiscal 2026) | $694.9M |
| Dividend yield (trailing twelve months) | 1.57% |
| Beta | 0.56 |
| Cost of capital (WACC) | 8.03% |
| Business classification | Mature & Stable (Low/slowing growth (~7% recent), Moderate margins (20% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (6.5%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.57% |
| Dividends per share, last 12 months | $2.41 |
| Dividends / free cash flow (fiscal 2026) | 24.5% |
| Raised | 22 years in a row |
| Growth over 5 years | 5.9% a year |
| Latest payment | $0.61, ex-date Sep 4, 2026, paid Sep 23, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 8, 2021 | $1.81 |
| To Sep 8, 2022 | $1.93 |
| To Sep 7, 2023 | $2.05 |
| To Sep 6, 2024 | $2.17 |
| To Sep 5, 2025 | $2.29 |
| Trailing twelve months (to Sep 4, 2026) | $2.41 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 18, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $153.72 | $99.84 | $366.24 |
| DCF · Perpetuity growth · 10y | cross check | $167.10 | $110.84 | $385.72 |
| DCF · EBITDA exit · 5y | cross check | $119.71 | $78.04 | $169.02 |
| DCF · EBITDA exit · 10y | cross check | $137.36 | $93.45 | $196.56 |
| P/E · peers | cross check | $86.08 | $55.13 | $196.87 |
| P/E · own history | cross check | $237.24 | $208.86 | $258.34 |
| PEG | sanity check | $75.42 | $75.42 | $75.42 |
| EV/EBITDA · peers | cross check | $79.92 | $62.00 | $90.12 |
| EV/Revenue · peers | cross check | $101.00 | $87.81 | $111.88 |
| Earnings power value | cross check | $79.63 | $67.03 | $98.02 |
| Dividend discount | cross check | $58.96 | $38.54 | $107.74 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 1, 2026 | Preece Richard | Director | Grant / award | 270 | $0 |
| Aug 27, 2026 | Morgan Craig Keith | CLO  & Secretary | Grant / award | 1,130 | $0 |
| Aug 27, 2026 | Morgan Craig Keith | CLO  & Secretary | Tax withholding | 498 | $85,850.2 |
| Aug 27, 2026 | Morgan Craig Keith | CLO  & Secretary | Grant / award | 513 | $0 |
| Aug 27, 2026 | Morgan Craig Keith | CLO  & Secretary | Tax withholding | 226 | $38,960.1 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 2, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/779152/000077915226000090/jh-ccxannualreportx2026.pdf |
| Oct 2, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/779152/000077915226000089/a2026defa14aproxymaterials.htm |
| Oct 2, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/779152/000077915226000088/jkhy-20261001.htm |
| Aug 28, 2026 | 10-K | Annual report | https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630.htm |
| Aug 24, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/779152/000077915226000060/jkhy-20260820.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 56,958 | $7.8M |
| Torray | 2026-06-30 | 12,856 | $1.8M |

2 tracked managers in all.

## About

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 platfo…

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Source: https://sweetvaluelab.com/stocks/jkhy (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.