You have been considering investing in Jack Henry & Associates Inc. (NASDAQ:JKHY). You have decided to do a more thorough analysis of it.

Provide an industry and company analysis for JKHY (see supplementary resources on Blackboard). You should consider the factors which influence Jack Henry & Associates' share price (e.g. key competitors, peers, industry influences, company business, key financial ratios).

Supplementary resources from blackboard.

I. What are the barriers to entry? Is it difficult or easy for a new competitor to challenge incumbents? Relatively high (low) barriers to entry imply that the threat of new entrants is relatively low (high). II. How concentrated is the industry? Do a small number of companies control a relatively large share of the market, or does the industry have many players, each with a small market share? III. What are capacity levels? That is, based on existing investment, how much of the goods or services can be delivered in a given time frame? Does the industry suffer chronic over- or under capacity, or do supply and demand tend to come into balance reasonably quickly in the industry? IV. How stable are market shares? Do companies tend to rapidly gain or lose share, or is the industry stable? V. Where is the industry in its life cycle? Does it have meaningful growth prospects, or is it demand stagnant/declining? VI. How important is price to the customer's purchase decision?