In a report released today, Joseph Foresi from Cantor Fitzgerald reiterated a Buy rating on Jack Henry & Associates (JKHY), with a price target of $159. The company’s shares closed yesterday at $137.93.
Foresi said:
“We reiterate our Overweight and PT of $159 after attending their Analyst day. The company is benefitting from tailwinds including new core wins, less termination fees, & healthy demand backdrop. We believe the tailwinds imply a positive bias. Margins are expected to expand over the long term as redundant platforms are retired. The business appears to be on solid footing while making technological progress.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.5% and a 88.5% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Jack Henry & Associates is a Hold with an average price target of $147.50.
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Jack Henry & Associates’ market cap is currently $10.64B and has a P/E ratio of 36.08. The company has a Price to Book ratio of 7.65.
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.
