RBC Capital analyst Daniel Perlin lowered the firm’s price target on Jack Henry to $181 from $184 and keeps a Sector Perform rating on the shares. The company’s sales momentum continued as Q4 set a mew record, but the stock was under pressure following results as guidance was below the Street as a result of several moving parts, specifically the full inclusion of the Payrailz acquisition in adjusted operating margins, the analyst tells investors in a research note. The firm is also reducing its FY24 EPS view by 35c to $4.95 and its FY25 EPS view by 25c to $5.55.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on JKHY:
- Jack Henry price target lowered to $173 from $200 at BTIG
- Jack Henry price target lowered to $164 from $176 at Baird
- Jack Henry price target lowered to $167 from $173 at BofA
- Jack Henry sees FY24 revenue $2.19B-$2.21B, consensus $2.19B
- Jack Henry & Associates, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results
