Jack Henry & Associates, Inc. JKHY
Jack Henry's fundamentals for the fiscal year ended 2026-06-30 are genuinely strong — 5.1% revenue growth to $2.50B, 11.9% EPS growth to $6.98, a 27.8% FCF margin, and only $40M of total debt — and FY27 GAAP EPS guidance above estimates reinforces the trajectory. However, at $169.73 the stock trades at a 57% P/S premium and 39% EV/EBITDA premium to peers, RSI sits at 65.2 approaching overbought, and the smart money score has cooled from positive to roughly neutral at -0.0003 as of the quarter ended 2026-06-30.
The improving margin profile and in-line 24.3x P/E justify holding existing positions, but the current technical setup and valuation premiums limit the appeal of new entry at these levels.
What could go wrong
- Valuation stretched on non-earnings multiples. P/S of 4.76x is 57% above the peer median of 3.04x and EV/EBITDA of 14.02x is 39% above the peer median of 10.08x, leaving limited multiple expansion room.
- Momentum overextended. RSI at 65.2 approaches overbought territory and the stock trades roughly 12% above its 50-day MA of $151.04, raising the risk of a pullback after the post-earnings run.
- Institutional sentiment cooling. Smart money score has declined from 0.0197 in September 2024 to -0.0003 as of June 2026, even as fund count rose to 57, suggesting positioning is less constructive.
- Revenue growth deceleration. YoY revenue growth slowed from 7.2% in FY2025 to 5.1% in FY2026, which could compress the premium multiple if the trend continues.
What would change my mind
Where this comes from: FMP annual fundamentals, derived_metrics FY2026 · derived_metrics FY2026, FMP annual fundamentals · peer_relative as of 2026-08-28 · technicals as of 2026-08-28. Orin's read on JKHY; not advice.
Twelve months actual closes to 2026-09-23 · actual filings
50-day average 200-day average · volume below
On file
All JKHY filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| Vanguard Capital Management | $639.7M | 0.0% of fund |
| State Street | $510.1M | 0.0% of fund |
| Vanguard Portfolio Management | $490.3M | 0.0% of fund |
| Geode Capital Management | $378.8M | 0.0% of fund |
| Morgan Stanley | $327.1M | 0.0% of fund |
| Invesco | $259.1M | 0.0% of fund |
77 filers · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 187 Form 4 filings, net −$14.2M. Of the 50 on hand, none was an open-market trade— the rest are grants, option exercises and tax withholding.
Ask Orin about JKHY
Orin answers questions about JKHY from its filings, transcripts and numbers — with the source behind every claim. Your own desk starts with 3 free days, card required.
Start 3 free days →Where it trades
| Metric | Now | Own median | Sector |
|---|---|---|---|
| P/E | 21.3× | 33.3× | 53.3× |
| EV/EBITDA | 12.3× | 17.8× | — |
| P/S | 4.16× | 5.87× | — |
| P/B | 5.2× | 6.6× | — |
Its P/E sits below all 5 of the last 5 years (−3.33σ from its own mean).
3.9%
free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $0.7B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.
What Wall Street published
$188
$170 – $215 · +27% against today's price
- 14 buy or overweight
- 10 hold
- 0 underweight or sell
The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.
Against the companies it is compared to
| Company | Market cap | P/E | EV/EBITDA | Gross | Net | ROE |
|---|---|---|---|---|---|---|
| JKHYJack Henry & Associates, Inc. | $11B | 21.3× | 12.3× | 43.6% | 19.8% | 23% |
| AKAMAkamai Technologies, Inc. | $17B | 41.7× | 19.5× | 56.4% | 9.5% | 8% |
| APLDApplied Digital Corp. | $8B | — | — | 22.4% | -42.3% | -17% |
| EPAMEPAM Systems, Inc. | $6B | 14.9× | 7.5× | 28.3% | 7.2% | 11% |
| SWKSSkyworks Solutions, Inc. | $14B | 47.1× | 17.2× | 40.7% | 7.2% | 5% |
The median is of the 3 peers listed above and nothing else — check it against the column. This company trades 49.0% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.
What it has traded at
What its sector has traded at
Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.
Discounted cash flow
| Model | Fair value | Against | Computed |
|---|---|---|---|
| Standard DCF | $206 | $130.07 · +58% | 2026-06-10 |
| Levered DCF | $165 | $130.07 · +27% | 2026-06-10 |
The vendor’s intrinsic-value models. Treat them as a low-growth anchor — for a fast grower the market routinely pays well above a DCF. These were computed against the price in the “against” column, not today’s.
Every estimate on one scale
The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.