Wolfe Research analyst Darrin Peller initiated coverage of Jack Henry with a Peer Perform rating and no price target. The firm views Jack Henry as “a clear example of bank-tech done right,” noting that focus on its core competency has helped drive sustainable high-single digit growth and delivered solid return on invested capital. However, the firm believes valuation reflects this as it sees a fair value range of about $167-$190.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on JKHY:
- Jack Henry management to meet with Oppenheimer
- Jack Henry & Associates Increases the Quarterly Dividend on its Common Stock by 6 Percent to $.55 Per Share
- Jack Henry raises quarterly dividend 6% to 55c per share
- Jack Henry price target raised to $198 from $190 at DA Davidson
- Jack Henry price target raised to $180 from $165 at UBS