Oppenheimer Maintains Perform On Jack Henry & Associates Shares
Oppenheimer analyst Glenn Greene maintained a Perform rating on Jack Henry & Associates (NASDAQ:JKHY). No price target was provided.
Greene wrote, “JKHY reported solid 1QFY15 EPS of $0.64 (vs. our/Street $0.62/$0.63 estimates), with 8% Y/Y revenue growth to $319M (vs. our $317M estimate) and 30bps of Y/ Y operating margin contraction (although upside to our estimate). Maintenance & Support revenue was slightly ahead of our estimate and grew 8.5% Y/Y. Credit Union revenue growth moderated to ~4% Y/Y to ~$78M (vs. our ~$80M estimate), while Banking growth was solid at ~9% Y/Y. We are not overly surprised by the margin contraction during the quarter as JKHY planned infrastructure/personnel investments. Valuation remains our primary caveat on the shares. Our estimates are under review.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Glenn Greene has a total average return of 18.5% and a 83.3% success rate. Greene is ranked #243 out of 3363 analysts.