Baird analyst David Koning lowered the firm’s price target on Jack Henry to $175 from $190 and keeps a Neutral rating on the shares. The analyst said Q2 results were slightly below consensus and 2023 guidance was lowered on debit transaction softening and less bank M&A. We view as premium franchise but would view risk/reward more favorably around $155.
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Read More on JKHY:
- Jack Henry sees FY23 GAAP EPS $4.79-$4.83, consensus $4.94
- Jack Henry reports Q2 GAAP EPS $1.10, consensus $1.11
- Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2023 Results
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