Jack Henry & Associates (JKHY) Receives a Rating Update from a Top Analyst


In a report released today, Glenn Greene from Oppenheimer maintained a Hold rating on Jack Henry & Associates (NASDAQ: JKHY). The company’s shares opened today at $144.10.

Greene wrote:

“JKHY reported solid upside 4QFY18 results, with adjusted EPS of $1.10, which compared to our/Street $0.93/0.95 estimates; upside included ~$0.08 benefit from a lower than estimated tax rate. Normalized revenue grew ~6% Y/Y in 4Q (i.e., ex. termination fee comparisons and M&A). Organic revenue growth continues to outpace peers’, and sales appear to have exceeded quota for the year, highlighted by 20 new core customer signings during the quarter (almost all for outsourced arrangements). Encouragingly, JKHY generated ~$262M in FCF during but still well below earnings. We await further commentary on the sales/demand environment, revenue drivers, and outlook expectations for FY19. Maintain Perform. Our estimates are under review.”

According to TipRanks.com, Greene is a top 25 analyst with an average return of 21.6% and a 84.0% success rate. Greene covers the Technology sector, focusing on stocks such as Fidelity National Info, Total System Services, and Global Payments Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack Henry & Associates with a $138 average price target.

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The company has a one-year high of $155.40 and a one-year low of $99.08. Currently, Jack Henry & Associates has an average volume of 318.5K.

Based on the recent corporate insider activity of 31 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.

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