Jack Henry & Associates Inc

JKHY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$115.00	Xxqj	Lmgyfzsgy

Jack Henry Earnings: Performance Holds Steady

Brett Horn

Feb 7, 2024

Jack Henry’s second-quarter fiscal 2024 results largely held steady with the previous quarter. While lower levels of bank mergers and acquisitions are still a modest headwind, the company’s underlying performance is roughly in line with our long-term expectations. We will maintain our $174 fair value estimate for the wide-moat company and see shares as approximately fairly valued at the moment.

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