DA Davidson lowered the firm’s price target on Jack Henry (JKHY) to $204 from $212 but keeps a Buy rating on the shares. The firm was pleased to hear the company saw another strong quarter for sales bookings in Q4, with the management adding that the sales pipeline remains very solid, the analyst tells investors in a research note. DA Davidson adds that it has fine-tuned its forecasts following the company’s results, but the changes on an annual basis are “modest”.
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