NASDAQ · JKHY

Jack Henry & Associates, Inc.

Technology · Information Technology Services

$154.85▼ 0.87% ($1.36)at close

After hours$152.60▼ 1.45%7:38 PM ET

52-week

$121.04$193.39

What the market price implies · Reverse DCF

To support a price of $154.85, this model requires Stage 1 FCFF to grow by 4.14%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 5.95%/yr over the past 10 years. The required annual growth rate is 1.80 percentage points lower.

Selected forecast · Base scenario

5.95%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

4.14%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$154.85

Estimated value / share

$167.53

Base scenario

This estimate is 8.19% above the price used.

USD · TTM ending 2026-06-30

Stage 1 5.95% · Stage 2 3.5% · Discount rate 8.1%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 18, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 19, 2026, 2:18 PM UTC · provider

Why this method?

FCFF is positive, stable, long-lived, and the business looks mature enough that a direct FCFF DCF can use historical cash flow as the anchor.

Is FCFF positive and has it been for 3+ consecutive years? 27 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 27.0%.

Do you have 5+ years of positive FCFF history? 27 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue growth and margin behavior look mature enough for direct FCFF compounding.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 0.25%Revenue (TTM): 6.66%FCF (TTM): 18.14%P/FCF: 5th pct

What changed

The stock rose 0.25% over the last year. Revenue grew 6.66% over the trailing twelve months. Operating margin moved from 23.94% to 24.91%. Free cash flow grew 18.14% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 24.91%. A decisive move in revenue — currently up 6.66% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services.

CEOGregory R. Adelson

SectorTechnology

IndustryInformation Technology Services

Employees7,300

IPO dateNov 20, 1985

https://www.jackhenry.com

Market multiples

Forward P/E—

EV/EBITDA12.14

Enterprise value$9.95B

Stock splits

Mar 5, 2001↑ Forward

Every 1 shares became 2

+100%

Mar 3, 2000↑ Forward

Every 1 shares became 2

+100%

Mar 14, 1997↑ Forward

Every 2 shares became 3

+50%

Mar 11, 1994↑ Forward

Every 3 shares became 4

+33%

Mar 9, 1993↑ Forward

Every 2 shares became 3

+50%

Mar 4, 1992↑ Forward

Every 2 shares became 3

+50%

Profitability & growth

Revenue growth2.88%

Gross margin (FY2026)43.12%▲0.4ppvs FY2025

Operating margin (FY2026)24.29%▲0.3ppvs FY2025

ROE24.04%▲2.7ppYoY

Analyst consensus

RatingBuy

Target price$187.91▲21.35%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $2.07 · Revenue est $685.11M

View

Dividends

$2.41/shareQuarterlyDividend Aristocrat · 32yrSafe

JKHY pays a dividend with a 1.56% dividend yield, 32 consecutive years of growth, growing at 5.89% annually, covered 4.1× by free cash flow.

Dividend Yield

1.56%

Annual Div / Share

$2.41

5yr CAGR

+5.89%

Doubles every ~12.1yr

Payout Ratio

33.89%

Safe

Dividend Growth Rate

3yr CAGR

+5.54%

5yr CAGR

+5.89%

10yr CAGR

+8.26%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.41+5.2%

2025$2.29+5.5%

2024$2.17+5.9%

2023$2.05+6.2%

2022$1.93+6.6%

2021$1.81+7.1%

2020$1.69+7.6%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$16/yr

$1/mo

In 5 yrs

$21/yr+33%

$2/mo

In 10 yrs

$28/yr+77%

$2/mo

Today	In 5 yrs	In 10 yrs
$16/yr $1/mo	$21/yr+33% $2/mo	$28/yr+77% $2/mo

Yield-on-cost grows from 1.56% → 2.76% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

JKHY has raised its dividend for 32 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 4.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 5.89% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NASDAQ · JKHY

Jack Henry & Associates, Inc.

Technology · Information Technology Services

$154.85▼ 0.87% ($1.36)at close

After hours$152.60▼ 1.45%7:38 PM ET

52-week

$121.04$193.39

What the market price implies · Reverse DCF

To support a price of $154.85, this model requires Stage 1 FCFF to grow by 4.14%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 5.95%/yr over the past 10 years. The required annual growth rate is 1.80 percentage points lower.

Selected forecast · Base scenario

5.95%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

4.14%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$154.85

Estimated value / share

$167.53

Base scenario

This estimate is 8.19% above the price used.

USD · TTM ending 2026-06-30

Stage 1 5.95% · Stage 2 3.5% · Discount rate 8.1%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 18, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 19, 2026, 2:18 PM UTC · provider

Why this method?

FCFF is positive, stable, long-lived, and the business looks mature enough that a direct FCFF DCF can use historical cash flow as the anchor.

Is FCFF positive and has it been for 3+ consecutive years? 27 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 27.0%.

Do you have 5+ years of positive FCFF history? 27 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue growth and margin behavior look mature enough for direct FCFF compounding.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 0.25%Revenue (TTM): 6.66%FCF (TTM): 18.14%P/FCF: 5th pct

What changed

The stock rose 0.25% over the last year. Revenue grew 6.66% over the trailing twelve months. Operating margin moved from 23.94% to 24.91%. Free cash flow grew 18.14% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 24.91%. A decisive move in revenue — currently up 6.66% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services.

CEOGregory R. Adelson

SectorTechnology

IndustryInformation Technology Services

Employees7,300

IPO dateNov 20, 1985

https://www.jackhenry.com

Market multiples

Forward P/E—

EV/EBITDA12.14

Enterprise value$9.95B

Stock splits

Mar 5, 2001↑ Forward

Every 1 shares became 2

+100%

Mar 3, 2000↑ Forward

Every 1 shares became 2

+100%

Mar 14, 1997↑ Forward

Every 2 shares became 3

+50%

Mar 11, 1994↑ Forward

Every 3 shares became 4

+33%

Mar 9, 1993↑ Forward

Every 2 shares became 3

+50%

Mar 4, 1992↑ Forward

Every 2 shares became 3

+50%

Profitability & growth

Revenue growth2.88%

Gross margin (FY2026)43.12%▲0.4ppvs FY2025

Operating margin (FY2026)24.29%▲0.3ppvs FY2025

ROE24.04%▲2.7ppYoY

Analyst consensus

RatingBuy

Target price$187.91▲21.35%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $2.07 · Revenue est $685.11M

View

Dividends

$2.41/shareQuarterlyDividend Aristocrat · 32yrSafe

JKHY pays a dividend with a 1.56% dividend yield, 32 consecutive years of growth, growing at 5.89% annually, covered 4.1× by free cash flow.

Dividend Yield

1.56%

Annual Div / Share

$2.41

5yr CAGR

+5.89%

Doubles every ~12.1yr

Payout Ratio

33.89%

Safe

Dividend Growth Rate

3yr CAGR

+5.54%

5yr CAGR

+5.89%

10yr CAGR

+8.26%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.41+5.2%

2025$2.29+5.5%

2024$2.17+5.9%

2023$2.05+6.2%

2022$1.93+6.6%

2021$1.81+7.1%

2020$1.69+7.6%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$16/yr

$1/mo

In 5 yrs

$21/yr+33%

$2/mo

In 10 yrs

$28/yr+77%

$2/mo

Today	In 5 yrs	In 10 yrs
$16/yr $1/mo	$21/yr+33% $2/mo	$28/yr+77% $2/mo

Yield-on-cost grows from 1.56% → 2.76% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

JKHY has raised its dividend for 32 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 4.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 5.89% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.