UPDATE: Stephens Starts Jack Henry (JKHY) at Equal Weight

Stephens analyst Charles Nabhan initiates coverage on Jack Henry (NASDAQ: JKHY) with a Equal Weight rating and a price target of $165.00.

The analyst comments "In our view, the premium valuation in shares, relative to both the peer group and historical levels, reflects the numerous investment merits including an above peer ROIC (20%+), a leading share of the core banking market, strong balance sheet and a track record of consistent results over several decades. While these factors may limit downside and contribute to a safe-haven status in shares, we believe the current valuation could preclude outperformance, thus driving our neutral view of shares."

For an analyst ratings summary and ratings history on Jack Henry click here. For more ratings news on Jack Henry click here.

Shares of Jack Henry closed at $153.80 yesterday.

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