Jack Henry & Associates Inc
JKHY: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$183.00 | Rkcf | Jkjfkxxvbr |
Jack Henry Sees Solid Growth in Fiscal Q3
Jack Henry reported a strong third quarter, as the increase in deconversion fees continued to boost results. The company remains on track to generate relatively outsized growth for the fiscal year. That said, after adjusting for deconversion fees, growth in the quarter was roughly in line with our long-term expectations. We will maintain our $167 per share fair value estimate and wide moat rating.