Report
Brett Horn
EUR 147.86 For Business Accounts Only

Jack Henry can achieve solid and steady growth.

Jack Henry & Associates finished fiscal 2016 with sales of $1.35 billion, slightly ahead of our revenue estimate, and with earnings of $3.12 per share, roughly 11% higher than our forecast. We will be increasing our fair value estimate to $64 due to the time value of money. We do not expect any changes to our wide moat rating or stable moat trend. 
Guidance came in a little light; for 2017, the company is projecting only 4% revenue growth. This is partly related to the sale of Alogent that a...
Underlying
Jack Henry & Associates Inc.

Jack Henry & Associates is a provider of information processing solutions for community banks. The company's range of products and services includes processing transactions, automating business processes, and managing information for financial institutions and corporate entities. The company's proprietary solutions are marketed through three primary business brands: Jack Henry Banking, which is a provider of integrated data processing systems; Symitar, which is a provider of data processing solutions for credit unions of various sizes; and ProfitStars, which is a provider of agnostic products and services to financial institutions that are primarily not main customers of the company

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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