A Closer Look at 4 Analyst Recommendations For Jack Henry & Associates
Portfolio Pulse from Benzinga Insights
In the latest quarter, Jack Henry & Associates (NASDAQ:JKHY) received neutral ratings from 4 analysts, with no changes in sentiment over the past 30 days. The average 12-month price target for JKHY has been raised to $178.75, reflecting a 7.68% increase from the previous target of $166.00. Analysts from Baird, Evercore ISI Group, and RBC Capital have adjusted their price targets, indicating a response to recent company performance and market dynamics. Jack Henry, a provider of services for U.S. banks and credit unions, shows strong financial indicators such as a 7.99% revenue growth rate, a net margin of 16.85%, and an ROE of 5.43%, despite a lower market capitalization compared to industry peers.
April 17, 2024 | 12:01 pm
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Jack Henry & Associates received neutral ratings from analysts, with an updated average price target of $178.75, indicating a positive adjustment based on recent performance and market dynamics.
The adjustment of the average price target for JKHY to $178.75, up from $166.00, suggests analysts see potential for growth despite the neutral ratings. This could be attributed to Jack Henry's strong financial performance, including a notable revenue growth rate of 7.99%, a high net margin of 16.85%, and an ROE of 5.43%. These factors indicate a solid financial foundation and effective management, likely contributing to a positive short-term impact on JKHY's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100