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 $141. The company’s shares opened today at $144.10.
Foresi noted:
“: We maintain our Overweight rating and our 12-month PT of $141 on JKHY. (We will review our estimates and PT post the earnings call.) JKHY reported quarterly top-line results above Street expectations and EPS 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 20.0% and a 87.4% success rate. Foresi covers the Technology sector, focusing on stocks such as Fidelity National Info, DXC Technology Company, and Exlservice Holdings.
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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Jack Henry & Associates’ market cap is currently $11.17B and has a P/E ratio of 31.39. The company has a Price to Book ratio of 9.11.
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.
