Bank of America Securities analyst Jason Kupferberg has maintained their bullish stance on JKHY stock, giving a Buy rating yesterday.
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Jason Kupferberg has given his Buy rating due to a combination of factors that highlight Jack Henry & Associates’ strong financial performance and market position. The company reported solid financial results for the second fiscal quarter, with adjusted revenues aligning with expectations and adjusted EPS surpassing them, primarily due to higher interest income and favorable tax conditions. Jack Henry’s impressive sales performance, including record sales attainment and robust core renewals, further supports its leading role in the core banking and payment solutions market.
Moreover, Jason Kupferberg’s confidence in Jack Henry’s future performance is bolstered by the reiteration of its fiscal 2025 guidance, which aligns closely with market expectations. The company’s adjusted operational margin guidance suggests potential margin expansion, and management’s forecast for free cash flow conversion remains strong. The positive trajectory in revenue from complementary and payment solutions, along with encouraging client renewal rates, further reinforce the Buy rating for Jack Henry & Associates.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JKHY in relation to earlier this year.