Jack Henry price target raised to $180 from $165 at UBS

UBS analyst Nik Cremo raised the firm’s price target on Jack Henry to $180 from $165 and keeps a Neutral rating on the shares. Jack Henry reported a generally in-line quarter with all three core segments in-line with Street and revenue coming in 1% above Street driven by the Corporate & Other segment, the analyst tells investors in a research note. While UBS views the company’s year-to-date performance as strong, the firm says the risk vs. reward profile is balanced.