In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Jack Henry & Associates (NASDAQ: JKHY), with a price target of $134. The company’s shares opened today at $122.32.
Foresi said:
“: We continue our bi-weekly Charts series, in which we look at our coverage universe periodically for an opportunity in names where the Fundamentals match up with the Technicals. We look this week at Overweight-rated JKHY with a 12-month price target of $134. Fundamentally, we believe there is opportunity for upside, as JKHY continues to take market share. Technically, JKHY is in a symmetrical triangle which we expect to break to the upside.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.6% and a 84.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Fidelity National Info, Exlservice Holdings, and Global Payments Inc.
Jack Henry & Associates has an analyst consensus of Moderate Buy, with a price target consensus of $134.
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Jack Henry & Associates’ market cap is currently $9.46B and has a P/E ratio of 26.65. The company has a Price to Book ratio of 7.73.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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Jack Henry & Associates, Inc. engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the Bank Systems and Services; and Credit Union Systems and Services business segments.
