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JACK HENRY & ASSOCIATES, INC.

JKHY · Technology · $11.0B mkt cap · FY2025 filings · · not refreshed in 37 days · Wide moat ·

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Wide moat
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The five investor questions

96

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $1.8B to $2.4B, increasing; diluted EPS 4.12 to 6.24, increasing.

71

Median gross margin 41.6% over 10y, very stable.

100

Median ROIC 22.7%, above the 12% hurdle in 100% of years.

100

Net cash position — no leverage risk.

77

Owner earnings changed +7.0%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
161% above value if growth stopped today
$379M
$57.80
$93.63
$150.58
161% above value if growth stopped today

What today’s price assumes: owner earnings growing ~21%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

JACK HENRY & ASSOCIATES, INC. booked $2.4B of revenue in FY2025 in the Technology sector and kept 42.7% of it as gross profit — a solid-margin business by that measure. After every other cost, 19.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $746M (FY2009) to $2.4B (FY2025) — about 7.5% a year compounded over 16 years.

It earned 21.8% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 21.8%. Over the v3 recent window (10 measurable filed years), median ROIC was 22.7%. The Returns on Capital filter above scores it 100/100.

JKHY's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Returns on Capital is the strongest of the five filters (100/100) and Pricing Power the weakest (71/100), which is how JKHY lands at 89/100 — a Wide moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2025 · 18 fiscal years, normalized from JKHY’s SEC filings

Sales, as filed$2.4B FY2025
$0$1B$2B2008201420202025
Revenue kept after cost of goods42.7% FY2025
0%20%40%2008201420202025
Standard ROIC or separately labeled Operating ROICROIC 21.8% FY2025
0%10%20%2008201420202025
Cash an owner could take out$456M FY2025
$0$200M$400M2008201420202025

Gaps in a line mean that item isn’t in JKHY’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How JACK HENRY & ASSOCIATES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.4B · 100%Cost of revenue$1.4B · 57%Gross profit$1.0B · 43%Operating income$569M · 24%Income before tax$586M · 25%Income tax$130M · 5%Net income$456M · 19%As of 2025-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.4B100%
Cost of revenue$1.4B57%
$1.0B43%
$569M24%
Income before tax$586M25%
Income tax$130M5%
$456M19%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What JACK HENRY & ASSOCIATES, INC. owns — and owes

JACK HENRY & ASSOCIATES, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$3.0B100%
Cash and equivalents$102M3%
Stockholders’ equity$2.1B70%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives JACK HENRY & ASSOCIATES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity23%Tax burden78%net income ÷ pretax incomeInterest burden103%pretax ÷ operating incomeOperating margin24%operating income ÷ revenueAsset turnover0.80×revenue ÷ average assetsEquity multiplier1.50×average assets ÷ average equityAs of 2025-06-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$456MFY2025
Income before tax$586MFY2025
Operating income$569MFY2025
$2.4BFY2025
Ending assets$3.0BFY2025
Beginning assets$2.9BFY2024
$2.1BFY2025
$1.8BFY2024
Source:
  • SEC filingFiling detailsAccession 0000779152-24-000079
  • SEC filingFiling detailsAccession 0000779152-25-000055
· event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where JACK HENRY & ASSOCIATES, INC.'s cash went

JACK HENRY & ASSOCIATES, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$642M100%
Depreciation and amortization$43.7M7%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding JACK HENRY & ASSOCIATES, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What JACK HENRY & ASSOCIATES, INC. insiders reported

Records still being gathered — partial as of retrieval Sep 1, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

16 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale88.7 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Sep 1, 2026.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (75 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
Morgan Craig KeithCLO & SecretaryGrant, award, or other acquisition (A)Table I · Acquired · Common Stock2,849—Grant, award, or other acquisition (A)—See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 1,130 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 10,173 ·
  • Table I · Common Stock: 513 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 10,188 ·
  • Table I · Common Stock: 1,206 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 11,168 ·
Morgan Craig KeithCLO & SecretaryPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,256$172.39$216,522See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 498 shares at $172.39 · code F · owned after 9,675 ·
  • Table I · Common Stock: 226 shares at $172.39 · code F · owned after 9,962 ·
  • Table I · Common Stock: 532 shares at $172.39 · code F · owned after 10,636 ·
Adelson Gregory R.Director, President & CEOGrant, award, or other acquisition (A)Table I · Acquired · Common Stock6,190—Grant, award, or other acquisition (A)—See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 2,456 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 29,141 ·
  • Table I · Common Stock: 1,114 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 29,165 ·
  • Table I · Common Stock: 2,620 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 31,290 ·
Adelson Gregory R.Director, President & CEOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock2,747$172.39$473,555See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 1,090 shares at $172.39 · code F · owned after 28,051 ·
  • Table I · Common Stock: 495 shares at $172.39 · code F · owned after 28,670 ·
  • Table I · Common Stock: 1,162 shares at $172.39 · code F · owned after 30,128 ·
Swearingen Renee AnnSr VP & Chief Accounting OfficGrant, award, or other acquisition (A)Table I · Acquired · Common Stock894—Grant, award, or other acquisition (A)—See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 355 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 13,859 ·
  • Table I · Common Stock: 161 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 13,863 ·
  • Table I · Common Stock: 378 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 14,170 ·
Swearingen Renee AnnSr VP & Chief Accounting OfficPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock395$172.39$68,094See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 157 shares at $172.39 · code F · owned after 13,702 ·
  • Table I · Common Stock: 71 shares at $172.39 · code F · owned after 13,792 ·
  • Table I · Common Stock: 167 shares at $172.39 · code F · owned after 14,003 ·
McLachlan Shanon G.COOGrant, award, or other acquisition (A)Table I · Acquired · Common Stock462—Grant, award, or other acquisition (A)—See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 83 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 2,861 ·
  • Table I · Common Stock: 183 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,013 ·
  • Table I · Common Stock: 196 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,141 ·
McLachlan Shanon G.COOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock172$172.39$29,651See lot detailAug 27, 2026
3 filed lots
  • Table I · Common Stock: 31 shares at $172.39 · code F · owned after 2,830 ·
  • Table I · Common Stock: 68 shares at $172.39 · code F · owned after 2,945 ·
  • Table I · Common Stock: 73 shares at $172.39 · code F · owned after 3,068 ·
McLachlan Shanon G.COOGrant, award, or other acquisition (A)Table II · Acquired · Vested Performance Shares462—Grant, award, or other acquisition (A)—462Aug 27, 2026
1 filed lot
  • Table II · Vested Performance Shares: 462 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 462 ·
Carsley MimiCFO and TreasurerGrant, award, or other acquisition (A)Table II · Acquired · Vested Performance Shares5,113—Grant, award, or other acquisition (A)—5,113Aug 27, 2026
1 filed lot
  • Table II · Vested Performance Shares: 5,113 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 5,113 ·
Adelson Gregory R.Director, President & CEOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events10,155Not disclosedNot disclosedSee lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 1,455 shares at Not disclosed · code M · owned after 22,491 · Paired event: 1,455 Restricted Stock Units → 1,455 Common Stock ·
  • Table I · Common Stock: 3,917 shares at Not disclosed · code M · owned after 25,762 · Paired event: 3,917 Restricted Stock Units → 3,917 Common Stock ·
  • Table I · Common Stock: 4,783 shares at Not disclosed · code M · owned after 28,807 · Paired event: 4,783 Restricted Stock Units → 4,783 Common Stock ·
Adelson Gregory R.Director, President & CEOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock4,506$156.53$705,324See lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 646 shares at $156.53 · code F · owned after 21,845 ·
  • Table I · Common Stock: 1,738 shares at $156.53 · code F · owned after 24,024 ·
  • Table I · Common Stock: 2,122 shares at $156.53 · code F · owned after 26,685 ·
Adelson Gregory R.Director, President & CEOExercise or conversion of derivative security (M)Table II · Acquired · Restricted Stock Units20,443—Exercise or conversion of derivative security (M)—20,443Aug 4, 2026
1 filed lot
  • Table II · Restricted Stock Units: 20,443 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 20,443 ·
Adelson Gregory R.Director, President & CEOExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events10,155—Exercise or conversion of derivative security (M)—See lot detailAug 4, 2026
3 filed lots
  • Table II · Restricted Stock Units: 1,455 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 1,455 Restricted Stock Units → 1,455 Common Stock ·
  • Table II · Restricted Stock Units: 3,917 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 3,916 · Paired event: 3,917 Restricted Stock Units → 3,917 Common Stock ·
  • Table II · Restricted Stock Units: 4,783 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 9,564 · Paired event: 4,783 Restricted Stock Units → 4,783 Common Stock ·
Carsley MimiCFO and TreasurerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events3,213Not disclosedNot disclosedSee lot detailAug 4, 2026
2 filed lots
  • Table I · Common Stock: 1,462 shares at Not disclosed · code M · owned after 7,104 · Paired event: 1,462 Restricted Stock Units → 1,462 Common Stock ·
  • Table I · Common Stock: 1,751 shares at Not disclosed · code M · owned after 8,213 · Paired event: 1,751 Restricted Stock Units → 1,751 Common Stock ·
Carsley MimiCFO and TreasurerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock1,411$156.53$220,864See lot detailAug 4, 2026
2 filed lots
  • Table I · Common Stock: 642 shares at $156.53 · code F · owned after 6,462 ·
  • Table I · Common Stock: 769 shares at $156.53 · code F · owned after 7,444 ·
Carsley MimiCFO and TreasurerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 2 paired events4,415—Exercise or conversion of derivative security (M)—See lot detailAug 4, 2026
3 filed lots
  • Table II · Restricted Stock Units: 1,202 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 ·
  • Table II · Restricted Stock Units: 1,462 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,462 · Paired event: 1,462 Restricted Stock Units → 1,462 Common Stock ·
  • Table II · Restricted Stock Units: 1,751 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 3,502 · Paired event: 1,751 Restricted Stock Units → 1,751 Common Stock ·
Carsley MimiCFO and TreasurerGrant, award, or other acquisition (A)Table II · Acquired · Vested Restricted Stock Units1,202—Grant, award, or other acquisition (A)—1,202Aug 4, 2026
1 filed lot
  • Table II · Vested Restricted Stock Units: 1,202 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 1,202 ·
Carsley MimiCFO and TreasurerGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units6,212—Grant, award, or other acquisition (A)—6,212Aug 4, 2026
1 filed lot
  • Table II · Restricted Stock Units: 6,212 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 6,212 ·
McLachlan Shanon G.COOExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events1,969Not disclosedNot disclosedSee lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 217 shares at Not disclosed · code M · owned after 1,753 · Paired event: 217 Restricted Stock Units → 217 Common Stock ·
  • Table I · Common Stock: 783 shares at Not disclosed · code M · owned after 2,456 · Paired event: 783 Restricted Stock Units → 783 Common Stock ·
  • Table I · Common Stock: 969 shares at Not disclosed · code M · owned after 3,136 · Paired event: 969 Restricted Stock Units → 969 Common Stock ·
McLachlan Shanon G.COOPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock727$156.53$113,797See lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 80 shares at $156.53 · code F · owned after 1,673 ·
  • Table I · Common Stock: 289 shares at $156.53 · code F · owned after 2,167 ·
  • Table I · Common Stock: 358 shares at $156.53 · code F · owned after 2,778 ·
McLachlan Shanon G.COOExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events1,969—Exercise or conversion of derivative security (M)—See lot detailAug 4, 2026
3 filed lots
  • Table II · Restricted Stock Units: 217 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 217 Restricted Stock Units → 217 Common Stock ·
  • Table II · Restricted Stock Units: 783 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 783 · Paired event: 783 Restricted Stock Units → 783 Common Stock ·
  • Table II · Restricted Stock Units: 969 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,936 · Paired event: 969 Restricted Stock Units → 969 Common Stock ·
McLachlan Shanon G.COOGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units3,912—Grant, award, or other acquisition (A)—3,912Aug 4, 2026
1 filed lot
  • Table II · Restricted Stock Units: 3,912 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,912 ·
Morgan Craig KeithCLO & SecretaryExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event1,263Not disclosedNot disclosedSee lot detailAug 4, 2026
2 filed lots
  • Table I · Common Stock: 669 shares at Not disclosed · code M · owned after 9,006 · Paired event: 669 Restricted Stock Units → 669 Common Stock ·
  • Table I · Common Stock: 594 shares at Not disclosed · code M · owned after 9,305 ·
Morgan Craig KeithCLO & SecretaryPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock557$156.53$87,187See lot detailAug 4, 2026
2 filed lots
  • Table I · Common Stock: 295 shares at $156.53 · code F · owned after 8,711 ·
  • Table I · Common Stock: 262 shares at $156.53 · code F · owned after 9,043 ·
Morgan Craig KeithCLO & SecretaryExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event2,169—Exercise or conversion of derivative security (M)—See lot detailAug 4, 2026
3 filed lots
  • Table II · Restricted Stock Units: 669 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 669 Restricted Stock Units → 669 Common Stock ·
  • Table II · Restricted Stock Units: 708 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 707 ·
  • Table II · Restricted Stock Units: 792 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 1,584 ·
Morgan Craig KeithCLO & SecretaryGrant, award, or other acquisition (A)Table II · Acquired · Vested Restricted Stock Units906—Grant, award, or other acquisition (A)—See lot detailAug 4, 2026
2 filed lots
  • Table II · Vested Restricted Stock Units: 708 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 708 ·
  • Table II · Vested Restricted Stock Units: 198 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 198 ·
Morgan Craig KeithCLO & SecretaryGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units2,942—Grant, award, or other acquisition (A)—2,942Aug 4, 2026
1 filed lot
  • Table II · Restricted Stock Units: 2,942 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 2,942 ·
Swearingen Renee AnnSr VP & Chief Accounting OfficExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events665Not disclosedNot disclosedSee lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 210 shares at Not disclosed · code M · owned after 13,343 · Paired event: 210 Restricted Stock Units → 210 Common Stock ·
  • Table I · Common Stock: 222 shares at Not disclosed · code M · owned after 13,472 · Paired event: 222 Restricted Stock Units → 222 Common Stock ·
  • Table I · Common Stock: 233 shares at Not disclosed · code M · owned after 13,607 · Paired event: 233 Restricted Stock Units → 233 Common Stock ·
Swearingen Renee AnnSr VP & Chief Accounting OfficPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock294$156.53$46,020See lot detailAug 4, 2026
3 filed lots
  • Table I · Common Stock: 93 shares at $156.53 · code F · owned after 13,250 ·
  • Table I · Common Stock: 98 shares at $156.53 · code F · owned after 13,374 ·
  • Table I · Common Stock: 103 shares at $156.53 · code F · owned after 13,504 ·
Swearingen Renee AnnSr VP & Chief Accounting OfficExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 3 paired events665—Exercise or conversion of derivative security (M)—See lot detailAug 4, 2026
3 filed lots
  • Table II · Restricted Stock Units: 210 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 210 Restricted Stock Units → 210 Common Stock ·
  • Table II · Restricted Stock Units: 222 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 222 · Paired event: 222 Restricted Stock Units → 222 Common Stock ·
  • Table II · Restricted Stock Units: 233 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 465 · Paired event: 233 Restricted Stock Units → 233 Common Stock ·
Swearingen Renee AnnSr VP & Chief Accounting OfficGrant, award, or other acquisition (A)Table II · Acquired · Restricted Stock Units854—Grant, award, or other acquisition (A)—854Aug 4, 2026
1 filed lot
  • Table II · Restricted Stock Units: 854 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 854 ·

Source-event as of . Retrieved .

Track record

How JACK HENRY & ASSOCIATES, INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored JKHY on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200500Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the 15 years JKHY rated Wide-moat (2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year 10% vs the S&P 500’s 16% (price basis) · median over 14 years
  • 3 years 51% vs the S&P 500’s 34% (price basis) · median over 12 years
  • 5 years 111% vs the S&P 500’s 82% (price basis) · median over 10 years

These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.

Technology context

#20 of 744 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #18INTU INTUIT INC.90.4Wide moat
  2. #19MPWR MONOLITHIC POWER SYSTEMS INC89.5Wide moat
  3. #21URI United Rentals, Inc.88.5Wide moat
  4. #22MA Mastercard Inc88.5Wide moat

Compare JKHY with its nearest peers →All Technology companies on the Index →

Common questions about JKHY

Does JACK HENRY & ASSOCIATES, INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores JACK HENRY & ASSOCIATES, INC. (JKHY) 88.7 out of 100 — a Wide moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 96, pricing power 71, returns on capital 100, balance-sheet safety 100, capital allocation 77.
Is JKHY trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $57.80 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $150.58, that is 161% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has JKHY's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026; the latest reads 88.7 out of 100 (wide moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell JKHY. See the disclaimer.