The Stock of IT Service Provider Jack Henry Receives a Double Upgrade — Will it Break Out of the Consolidation?

Jack Henry is an IT service provider that helps banks, insurance companies, and fintechs modernize their technology infrastructure. In light of increasing cyber and fraud threats, both banks and credit unions are investing significantly in the detection and prevention of fraud. Jack Henry utilizes its Financial Crimes Defender, which leverages advanced AI and behavioral analytics to proactively identify new fraud cases and violations of the banking secrecy law. On November 20, the analyst firm Raymond James upgraded the stock from Market Perform...