Goldman Sachs analyst Will Nance upgraded Jack Henry (JKHY) to Neutral from Sell with a price target of $183, up from $175. The firm believes an acceleration in sales growth over the next several quarters, as well as continued improvement in free cash flow conversion and the potential for margin expansion from Jack Henry’s product rationalization strategy are likely to drive shares to perform more inline with peers. Goldman is more positive on the company’s outlook, but continues to see shares as expensive.
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Read More on JKHY:
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- Jack Henry raises quarterly dividend 6% to 58c per share
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