03:05 PM EDT, 05/08/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our unchanged 12-month target price of $175, 30.7x our FY 2025 (Jun.) EPS forecast, is discounted to JKHY's three-year historical average, but is a premium to peers' current trading multiples. Although we recognize JKHY as one of the most resilient names under our coverage given its steady subscription-based revenue model, we perceive the shares to be fairly valued due to suspected margin compression, delayed M&A activity, and greater regulatory scrutiny. We hold steady with our FY 2024 EPS estimate at $5.25 and FY 2025's at $5.70. Mar-Q revenues were $539M (+6% Y/Y), narrowly missing consensus of $541M; processing sales rose 8%, driven by growth in digital revenue and card volumes. JKHY reported Mar-Q adj-EPS of $1.19 vs. $1.12, topping consensus by $0.03. Given the record sales booking in the quarter, coupled with strong momentum for innovative solutions (Financial Crimes Defender, Banno, and card processing), we believe JKHY is well positioned to sustain steady revenue growth (7% in FY 2024; 5% in FY 2025).