Jack Henry & Associates Inc

JKHY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$539.00	Jpltk	Xyycjcywz

Jack Henry Earnings: Still Some Headwinds, but Adjusted Growth Normalizes

Brett Horn

May 3, 2023

Jack Henry & Associates continued to face some headwinds in its fiscal third quarter, but the source of the issue does not concern us, with adjusted results showing the company tracking roughly in line with our long-term expectations. We will maintain our $174 fair value estimate for the wide-moat company, and we see the shares as slightly undervalued.

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