Jack Henry price target raised to $203 from $181 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Jack Henry (JKHY) to $203 from $181 and keeps a Sector Perform rating on the shares. The company’s Q1 print showed consistency in its sales success, with 5% core revenue growth in the face of hurricane-related deal delays and a continuation of its upmarket movement being helped by its technology modernization strategy, the analyst tells investors in a research note. The sequential improvement throughout the year through a combination of sales cadence and easing comps also gives the firm confidence in the company achieving its FY25 guide.