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”.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JKHY:
- MeridianLink, Jack Henry expand strategic reseller relationship
- Jack Henry price target lowered to $204 from $212 at DA Davidson
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for Jack Henry & Associates
- Jack Henry price target lowered to $178 from $183 at Keefe Bruyette
- Jack Henry price target lowered to $185 from $203 at RBC Capital