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Jack Henry & Associates, Inc. (JKHY)

Subavaliada
TechnologyInformation Technology ServicesUnited States

Fundamental

77

Preço

$143.24

Capitalização de Mercado

$10.36B

Parte 1 · Quanto vale a empresa

Visão Geral

Jack Henry sells the software that community banks and credit unions run their day-to-day operations on: deposits, loans, and every customer account balance. It does not sell to consumers directly — its customers are the roughly 8,400 small and mid-sized financial institutions that license its systems, either installed on their own premises or hosted by Jack Henry. Once a bank's core ledger runs on this software, replacing it touches every account the bank holds.

Como gera receita

Most revenue is recurring: banks and credit unions pay ongoing fees to process transactions and host or license the core system, rather than a one-time purchase. On top of that base, Jack Henry sells payment-processing services billed by transaction volume, plus additional software — digital banking, lending, security tools — that can be added to an existing core system. Because switching a core system is slow and risky for a bank, renewal rates are high and revenue is predictable from year to year.

Receita por segmento

Payments36.8%

ATM, debit and credit card processing, bill pay, ACH origination and remote deposit capture — the services that move money once an account exists.

Core31.1%

The processing platforms that record every deposit, loan and general-ledger entry for a bank or credit union — the system of record the rest of the business plugs into.

Complementary28.4%

Additional software and hosted services — digital banking, security monitoring, call-centre support — that plug into a core system, and some of which can also be sold on their own.

Corporate and Other3.7%

Hardware sales and other revenue not attributed to the three main segments.

Vantagem competitiva

Custos de mudança · Ampla

A bank's core system holds every account and transaction it has; migrating to a competitor means months of parallel testing, staff retraining and regulatory risk, all for a system customers barely notice when it works. That friction, more than any feature, is why institutions stay on the same core provider for years.

O que impulsiona a procura

Defensivo

Banks and credit unions must keep processing deposits, loans and payments in any economic environment, so the recurring, contract-based core of Jack Henry's revenue holds up in a downturn. The more discretionary parts — new hardware, project-based implementation work — are more exposed to a bank's own budget cycle.

Principais riscos

  • Consolidation among customers — The banking industry has consolidated for over a decade through mergers. When two client banks merge, one core system is usually retired, and Jack Henry can be on either side of that decision.
  • Competition from larger processors — Jack Henry competes against larger financial-technology providers with more resources for pricing, acquisitions and new product development, in an industry that keeps consolidating around fewer, bigger vendors.
  • Reliance on the health of small and mid-sized banks — Customers are community banks and credit unions rather than the largest national banks. Regulatory or competitive pressure that shrinks this segment of the industry shrinks Jack Henry's addressable market with it.

Os argumentos a favor

Buyers argue that a customer base this sticky, with revenue mostly locked into multi-year contracts, gives Jack Henry rare visibility into future results, and that the shift of complementary products like digital banking and payments onto the core platform keeps expanding revenue per customer.

Os argumentos contra

Sellers fear that bank consolidation steadily shrinks the pool of potential customers, that larger competitors with deeper pockets can undercut pricing to win conversions, and that a company this exposed to one industry's technology budgets has less room to grow once its existing base is fully penetrated.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 19 de setembro de 2026 with claude-haiku-4-5 — shared with all users

P/E: 8.7Score: 60Market cap: $24.47B

Named in Jack Henry's 10-K as a core-solutions competitor, Fiserv sells the same core processing, payments and digital banking platforms to US community banks and credit unions.

P/E: 5.1Score: 63Market cap: $17.69B

Also named in the 10-K, FIS bids for the same US core processing and payments contracts, though it concentrates on larger banks than Jack Henry's typical client.

P/E: —Score: 57Market cap: $1.46B

Alkami competes for the digital banking budgets of the same US credit unions and community banks, often replacing or displacing the digital layer sold alongside Jack Henry's core.

Finastra Group Holdings LimitedNot tracked

Named by Jack Henry as a core-solutions rival, this privately held vendor offers core banking and lending software to the same community and regional institutions.

Corelation, Inc.Not tracked

The private core provider Jack Henry names in its 10-K, Corelation wins credit union core processing deals in direct head-to-head bids with Jack Henry's Symitar platform.

Q2 Holdings, Inc.QTWO

Q2 sells digital banking and account-opening platforms to the same US community banks and credit unions that buy Jack Henry's Banno digital suite.

Balanço & Liquidez

Receita

$2.54B

Últimos 12 meses (até 30/06/2026)

Resultado Líquido

$503M

Últimos 12 meses (até 30/06/2026)

Fluxo de Caixa Livre

$695M

Capital Próprio Total

$2.05B

Passivo Total

$1.09B

Rácio de Liquidez

1.17

Cobertura de Juros

35.76

Dívida/EBITDA

0.11

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Caso geralSubvalorizada

Valor Justo

$196.88

Preço Atual

$143.24

Margem de Segurança

+27.2%

Intervalo de Valor Justo

$128.37 - $265.40

Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.

Métodos de Estimativa

Preço-alvo dos analistas:$190.24
Fluxo de caixa descontado (DCF):$303.32
Multiplicador de lucros (P/E):$138.14
Fórmula de crescimento de Graham:$188.79
Valor da capacidade de gerar lucro (EPV):$88.49
P/B justificado:$142.69
Desconto de dividendos (Gordon):$62.00
P/FFO, fundos de operações:Dados insuficientes para o calcular
Lucros de meio de ciclo:$203.84
Multiplicador sobre as receitas:$183.24
Consenso dos Analistas:Compra Forte (17B / 5H / 1S)
Última Surpresa de Resultados:+5.40%

Métricas de Avaliação

Rácio P/E

20.52

ROE

24.5%

Rácio P/B

4.89

P/FCF

14.45

Margem Bruta

43.7%

ROIC

19.4%

Radar de Rentabilidade

Criação de Valor (Vantagem Competitiva)

ROIC

19.4%

WACC

8.1%

ROIC − WACC

+11.3 pp

O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.

Critérios de Análise Fundamental

Aprovado (23)

  • EPS shows upward trend
  • EPS CAGR 10.80%
  • Price CAGR 5.27%
  • ROIC 19.4%
  • Gross Margin 43.7%
  • P/FCF 14.45
  • Debt/Equity ratio
  • Operating Margin 25.0%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 23.5%
  • Revenue Growth 5Y 7.7%
  • Analyst Consensus 74% Buy
  • Earnings Surprise avg 12.7%
  • PEG Ratio 1.85
  • Earnings Quality (OCF/NI) 1.52
  • Share Dilution -1.4%
  • Net Margin Trend 19.8% vs 19.2%
  • Piotroski F-Score 7/9

Reprovado (4)

  • P/B Ratio 4.89
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

Indisponível (1)

  • Dividend Payout NaN%

Piotroski F-Score

7/9

Saúde financeira sólida

score
criteria

Qualidade dos Resultados

1.52

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

-1.4%

A recomprar ações. Favorável ao acionista

Participações institucionais

Governação

Equipa Executiva

NomeCargoIdade
Mr. Gregory R. AdelsonCEO, President & Director60
Ms. Mimi L. CarsleyCFO & Treasurer55
Mr. Shanon G. McLachlanSenior VP, Executive Officer & COO-
Mr. Craig Keith MorganChief Legal Officer & Secretary49
Ms. Renee A. SwearingenSenior VP, Chief Accounting Officer & Assistant Treasurer56
Mr. Benjamin MetzVP and Chief Digital & Technology Officer-
Mr. Dennis McDonaldVP & Chief Information and Security Officer-
Mr. Vance Sherard C.F.A.Vice President of Investor Relations-
Mr. Michael CarnovaliChief Risk & Compliance Officer-
Mark FolkDirector of Corporate Communications-

Risco de Auditoria

1

Risco do Conselho

2

Risco de Remuneração

1

Risco dos Direitos dos Acionistas

5

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Documentos

  • Relatório anual (10-K)

    Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.

    Arquivado em 2026-08-28

    Ver documento
  • Relatório trimestral (10-Q)

    Uma atualização sobre o desempenho financeiro dos últimos três meses.

    Arquivado em 2026-05-07

    Ver documento
  • Relatório de fato relevante (8-K)

    Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.

    Arquivado em 2026-08-24

    Ver documento

via SEC EDGAR

Histórico de Resultados

via SEC EDGAR

Latest News

Recent headlines for JKHY, sourced from Markets Gazette.

  • 2/23/2026POSITIVE
    Stablecore’s Jack Henry integration opens stablecoins to over 1,600 banks

    Jack Henry & Associates, a leading technology provider for the financial industry, has announced a strategic partnership with Stablecore, integrating its stablecoin-based solutions into its Fintech Integration Network. This move opens the door to blockchain innovation for over 1,600 banks and credit unions that are Jack Henry clients. These financial institutions can now offer cutting-edge services such as tokenized deposits, crypto-backed lending, and, crucially, 24/7 payment rails. For investors, this integration represents a significant step forward, positioning Jack Henry as a critical bridge between traditional finance and the digital economy. The expanded service offering could lead to increased client retention and new customer acquisition, bolstering the company's revenue growth potential in the competitive fintech market.

via Markets Gazette