RBC Capital Reaffirms Their Buy Rating on Jack Henry & Associates (JKHY)
RBC Capital analyst Daniel Perlin maintained a Buy rating on Jack Henry & Associates on March 16 and set a price target of $210.00. The company’s shares closed yesterday at $167.35.
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Perlin covers the Technology sector, focusing on stocks such as Wealthfront Corporation, Broadridge Financial Solutions, and Fidelity National Info. According to TipRanks, Perlin has an average return of -12.1% and a 33.20% success rate on recommended stocks.
In addition to RBC Capital, Jack Henry & Associates also received a Buy from William Blair’s Christopher Kennedy in a report issued on March 2. However, on March 6, Morgan Stanley maintained a Hold rating on Jack Henry & Associates (NASDAQ: JKHY).
Based on Jack Henry & Associates’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $619.33 million and a net profit of $124.67 million. In comparison, last year the company earned a revenue of $573.85 million and had a net profit of $97.85 million
Read More on JKHY:
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- Balancing Long-Term Core Banking Upside and Near-Term Valuation: Why Jack Henry Remains a Hold
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1
- Wells Fargo upgrades Jack Henry to Overweight, raises target to $196
- Jack Henry upgraded to Overweight from Equal Weight at Wells Fargo
- Jack Henry raises quarterly dividend 6% to 61c from 58c per share
