Jack Henry & Associates (JKHY)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $10.2B, Jack Henry & Associates's free cash flow of $511M (fiscal 2026) would need to grow about 5% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Jack Henry & Associates's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from JKHY's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Jack Henry & Associates's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $2.2B | $2.4B | $2.5B |
| Net income | $363M | $367M | $382M | $456M | $503M |
| Free cash flow | $322M | $176M | $343M | $416M | $511M |
| EPS (diluted) | $4.94 | $5.02 | $5.23 | $6.24 | $6.98 |
| Operating margin | 24.4% | 23.1% | 22.1% | 23.9% | 25.0% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own JKHY
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $54M | 0.02% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $39M | 0.09% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $681,400 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Jack Henry & Associates's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $163.94 | — |
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $163.94 | — |
| Nov 12, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $167.17 | — |
| Nov 12, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $167.17 | — |
| Nov 3, 2025 | Ro Khanna |
0 | $150.63 | — |
| Nov 3, 2025 | Ro Khanna |
0 | $150.63 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $149.63 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $149.63 | — |
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In the full deep dive
Questions
What growth does Jack Henry & Associates's stock price imply?
At a market value of $10.2B, Jack Henry & Associates would need its free cash flow to grow about 5% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 9% a year.
Are Jack Henry & Associates insiders buying the stock?
8 open-market insider purchases of JKHY in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Jack Henry & Associates?
3 of the superinvestors Investingly tracks hold JKHY in their latest 13F, including Cliff Asness, Joel Greenblatt, Ron Baron.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.