In a report released today, Glenn Greene from Oppenheimer maintained a Hold rating on Jack Henry & Associates (JKHY). The company’s shares opened today at $135.79.
Greene wrote:
“JKHY reported solid 2QFY19 results with ~$7M and $0.02 of upside revenue and EPS, respectively. Revenue/EBIT grew ~9/12% Y/Y in 2Q (i.e., ex. termination fee comparisons, M&A, bonuses linked to tax savings). Organic revenue growth continues to sharply outpace peers, and aggregate sales again exceeded quota across each of JKHY’s three core brands, highlighted by 13 new core customer signings during the quarter (all selected outsourced model). JKHY generated ~$102M in FCF during 1H, down ~11% Y/Y, weighed down by high capex/cap SW. We await commentary on the sales/demand environment, revenue drivers, and forward outlook for FY19. Maintain Perform. Our estimates are under review.”
According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.2% and a 79.4% success rate. Greene covers the Technology sector, focusing on stocks such as Total System Services, Black Knight Inc, and Infosys Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack Henry & Associates with a $149 average price target.
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Based on Jack Henry & Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $83.55 million. In comparison, last year the company had a net profit of $156 million.
Based on the recent corporate insider activity of 41 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.
