In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Jack Henry & Associates (JKHY), with a price target of $150. The company’s shares opened today at $149.06.
Foresi observed:
“: We maintain our Overweight rating and 12-month PT of $150 on JKHY. (We will review our estimates and PT post the earnings call.) JKHY reported quarterly top-line results below FactSet consensus and EPS slightly above the FactSet consensus. We look to the earnings call for color on the new payments platform and pipeline updates, the impact and timing of termination fees, and the margin trajectory.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.8% and a 89.9% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Fidelity National Info, and DXC Technology Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack Henry & Associates with a $146 average price target.
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Jack Henry & Associates’ market cap is currently $11.47B and has a P/E ratio of 37.36. The company has a Price to Book ratio of 8.26.
Based on the recent corporate insider activity of 45 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 following segments: Core, Payments, Complementary, and Corporate and Other.
