# Jack Henry & Associates, Inc. (JKHY)

> Source: Nexqual · https://nexqual.com/JKHY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Jack Henry & Associates, Inc. (JKHY), nexqual.com/JKHY" · informational, not investment advice.

**Price:** USD 161.8 (+5.47% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 153.41 · day 154.38–162.13 · 52w 121.04–193.39 · market cap $11.3B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.54B, net income $503M (19.8% margin), free cash flow $695M (SEC filings).
- Valuation: P/E 22.6x (avg 26.8x at the last 3 fiscal year-ends), EV/EBITDA 16.8x, net debt $27.9M.
- 1 of 80 tracked superinvestors hold JKHY (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $317K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +5.5% vs S&P 500 +14.9%; 5Y -0.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.01, revenue estimate $683M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.94B | $2.08B | $2.22B | $2.38B | $2.54B | $2.54B |
| Gross profit | $814M | $859M | $916M | $1.01B | $1.11B | — |
| Operating income | $475M | $481M | $489M | $569M | $635M | $635M |
| Net income | $363M | $367M | $382M | $456M | $503M | $503M |
| EPS (diluted) | $4.94 | $5.02 | $5.23 | $6.24 | $6.98 | — |
| Free cash flow | $470M | $342M | $510M | $588M | $695M | $695M |
| Gross margin | 41.9% | 41.3% | 41.3% | 42.7% | 43.7% | — |
| Operating margin | 24.4% | 23.1% | 22.1% | 23.9% | 25.0% | 25.0% |
| Net margin | 18.7% | 17.6% | 17.2% | 19.2% | 19.8% | 19.8% |
| Revenue growth | +10.5% | +6.9% | +6.6% | +7.2% | +7.1% | — |
| Cash + short-term investments | $48.8M | $12.2M | $38.3M | $102M | $12.1M | — |
| Total debt | $115M | $275M | $150M | $0K | $40.0M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 22.6x · P/S 4.5x · EV/EBITDA 16.8x · EV/Sales 4.5x · P/FCF 16.3x · P/B 5.5x · FCF yield 6.13% · Earnings yield 4.43% · Dividend yield (paid, TTM) 1.50% · Buyback yield (TTM) 3.95% · Net debt $27.9M · EV $11.4B
P/E at fiscal year-ends: Jun 2026 19.7x, Jun 2025 28.9x, Jun 2024 31.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold JKHY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Torray Funds |  | 0.24% | $1.8M | Reduced -11.9% |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $317K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-14 | Adelson Gregory R. | President & CEO | 2,000 | $267K | 133.42 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Carsley Mimi | CFO and Treasurer | 375 | $50K | 134.12 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Piper Sandler | Upgrade | Neutral → Overweight | $175 |
| 2026-09-30 | RBC Capital | Reiterated | Outperform | $178 |
| 2026-09-30 | Morgan Stanley | Target lowered | Equal-Weight | $170 → $158 |
| 2026-09-28 | Seaport Global | Initiated | Buy | $193 |
| 2026-09-16 | Raymond James | Target raised | Strong Buy | $192 → $199 |
| 2026-09-16 | Piper Sandler | Target raised | Neutral | $171 → $175 |
| 2026-09-16 | RBC Capital | Reiterated | Outperform | $178 |
| 2026-09-14 | Keybanc | Initiated | Overweight | $190 |
| 2026-09-11 | Piper Sandler | Initiated | Neutral | $171 |
| 2026-09-02 | DA Davidson | Maintained | Buy | $198 |
| 2026-08-25 | Wolfe Research | Target raised | Outperform | $200 → $215 |
| 2026-08-24 | DA Davidson | Maintained | Buy | $198 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +5.5% | -0.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.5% | -0.2% |
| Volatility (annualized) | 29.9% | 23.8% |
| Max drawdown | -35.4% (Jan 2026→Jun 2026) | -37.0% (Aug 2022→Jun 2026) |

## Peers (Information Technology Services)
WSE (Wise Group plc) USD 11.08 +0.27% · CACI (CACI International, Inc.) USD 619.22 -0.67% · IT (Gartner, Inc.) USD 234.44 +6.77% · LDOS (Leidos Holdings, Inc.) USD 134.73 +4.26% · GIB (CGI Inc.) USD 82.15 +3.24% · EPAM (EPAM Systems, Inc.) USD 138.67 +3.49%

## More
Full page: https://nexqual.com/JKHY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in JKHY's own 10-K filed 2026-08-28 (https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Federal Deposit Insurance | "As a supplier of software and services to financial institutions, portions of our operations are subject to ongoing supervision and examination by the Office of the Comptroller of the Currency, the Federal Reserve Board,…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Payments | $240.4M | 37.3% | +4.9% |
| Core | $191.6M | 29.8% | +1.9% |
| Complementary | $188.8M | 29.3% | +4.7% |
| Total revenue | $644.0M | 100% | — |
The lines above cover 96.4% of total revenue.

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Services and Support | $360.2M | 55.9% | +2.5% |
| Processing | $283.8M | 44.1% | +7.5% |
| Product Delivery and Service | $76.8M | 11.9% | -3.4% |
| Total revenue | $644.0M | 100% | — |
The lines above cover 111.9% of total revenue.

## Company outlook (8-K filed 2026-08-18)

- "Overall, we expect another strong performance in fiscal 2027." 6 Operating margin is calculated by dividing operating income by revenue."
- "Non-GAAP adjusted segment income margin is calculated by dividing non-GAAP adjusted segment income by non-GAAP adjusted revenue for each segment. ***Non-GAAP adjustments unassigned to a segment were deconversion costs. 9 The table below shows our GAAP to non-GAAP guidance for the fiscal year ending June 30, 2027."
- "Fiscal year 2027 non-GAAP guidance excludes the impacts of deconversion revenue and related operating expenses, acquisition revenues and related operating expenses, the revenues and operating expenses related to a contractual change, and the gain on assets, net, and assumes no additional acquisitions or dispositions will be made during the fiscal year."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.01 | $1.98 | +1.5% | $683.4M | 13 |
| Next quarter (ends 2026-12-31) | $1.77 | $1.77 | -0.1% | $658.1M | 13 |
| Current fiscal year (ends 2027-06-30) | $7.24 | $7.10 | +1.9% | $2.69B | 14 |
| Next fiscal year (ends 2028-06-30) | $7.90 | $7.68 | +2.8% | $2.88B | 14 |