Jack Henry assumed with an Outperform at Oppenheimer

Oppenheimer analyst Rayna Kumar assumed coverage of Jack Henry with an Outperform rating with a price target of $206, up from $181. Over the next 2 years, Jack Henry remains well-positioned to generate 7%-8% top-line gains and high-single to low double-digit EPS growth, and there may be room for financial guide increases, particularly after lapping tough hardware sales comparisons in Q1 of FY25, the analyst tells investors in a research note. The firm adds that it sees Jack Henry top-line driven by healthy bookings, ongoing demand for private cloud and digital solutions, and margin expansion that is being supported by cost management.