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Jack Henry Built a Wide Moat Through a Steady Approach
Jack Henry remains committed to the idea that slow and steady wins the race. While its larger peers both completed big mergers in 2019 that expanded their operations into new areas, Jack Henry continues to build out its competitive position organically and remains squarely focused on the bank tech space. Overall, we think this approach has allowed Jack Henry to develop a wide moat, and we think the company will continue to modestly outperform its larger peers.