Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Jack Henry & Associates (NASDAQ: JKHY) and SecureWorks Corp (NASDAQ: SCWX).
Jack Henry & Associates (NASDAQ: JKHY)
Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Jack Henry & Associates (NASDAQ: JKHY) today and set a price target of $141. The company’s shares closed yesterday at $129.13, close to its 52-week high of $129.19.
Foresi commented:
“: We maintain our Overweight rating and raise our PT to $141 from $132 on Jack Henry (JKHY) after marketing with management. The key takeaway from our meeting is the evolving catalysts to drive results higher on the top line (Banno, payments, & better spending environment) and margins (systems retirement). Jack Henry continues to follow the path to growth, which run through outlink, payments, and cross-selling (add-on; new products), while continuing to move upstream. The net result is a mid-single-digit growth rate with long-term margin expansion potential.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.0% and a 87.4% success rate. Foresi covers the Technology sector, focusing on stocks such as Fidelity National Info, DXC Technology Company, and Exlservice Holdings.
Jack Henry & Associates has an analyst consensus of Moderate Buy, with a price target consensus of $141.
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SecureWorks Corp (NASDAQ: SCWX)
Barclays analyst Saket Kalia maintained a Sell rating on SecureWorks Corp (NASDAQ: SCWX) yesterday and set a price target of $12. The company’s shares closed yesterday at $10.81.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 14.9% and a 61.0% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Varonis Systems, and Carbonite Inc.
SecureWorks Corp has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.
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