We Think Jack Henry Can Continue to Outperform Its Larger Peers

Jack Henry remains committed to the idea that slow and steady wins the race. While its larger peers built their leading positions through a roll-up strategy and both have expanded their operations into new areas, Jack Henry continues to build out its competitive position organically and remains squarely focused on the bank tech space. Overall, we think this approach has allowed Jack Henry to develop a wide moat, and we think the company will continue to modestly outperform its larger peers.