Jack Henry (JKHY) Stock Could Trade At A Discount On Payment Unit Carve Out

Jack Henry & Associates has seen its share price fall sharply this year, and that slide throws a spotlight on a simple question for investors: whether the current valuation is supported by the returns the business earns on its capital. The stock has fallen about 19% year to date, which puts more weight on the quality and durability of the returns Jack Henry & Associates can generate on every dollar it reinvests. Battery Ventures carving out the Alogent payments unit as a stand-alone company...