Jack Henry price target lowered to $180 from $188 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the firm’s price target on Jack Henry to $180 from $188 and keeps a Neutral rating on the shares ahead of its Q3 results next week. Given a fairly slow start to calendar 2023 in terms of announced bank M&A transactions, the company may see lower levels of one-time contract termination fees related to M&A in FY24, the analyst tells investors in a research note.