Jack Henry & Associates Inc

JKHY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$662.00	Vrhd	Vkhzygxcv

Jack Henry Earnings: Lower Deconversion Fees a Drag, but Underlying Results Solid

Brett Horn

May 8, 2024

Jack Henry’s reported results were negatively impacted by conditions in the banking sector, but we think underlying results were solid and show the steady progress the wide-moat company is making. We will maintain our $174 fair value estimate and see shares as about fairly valued.

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