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Fly News Breaks for February 6, 2020
JKHY
Feb 6, 2020 | 09:23 EDT
DA Davidson analyst Peter Heckmann raised his price target on Jack Henry to $142 after its Q2 earnings beat, with new bookings showing strong contract activity and the management also "modestly" raising its FY20 guidance on the earnings call. The analyst still keeps his Neutral rating on the stock however, with the rolled-over valuation to 2021 estimates on enterprise value to expected EBITDA yielding a 17-times multiple vs. the historical average of about 15-times.
News For JKHY From the Last 2 Days
JKHY
Apr 17, 2024 | 07:01 EDT
Baird raised the firm's price target on Jack Henry to $186 from $180 and keeps a Neutral rating on the shares. The firm expects revenue/EPS to be mildly above Street estimates and F2024 guidance likely mildly raised. They are balanced about the shares but warming a bit, as margin expansion has been emerging, and could set up for rising estimates.