Temenos (TMNSF) was Upgraded to a Buy Rating at Kepler Capital

Kepler Capital analyst Laurent Daure upgraded Temenos (TMNSFResearch Report) to Buy on October 16 and set a price target of CHF150.00. The company’s shares closed last Wednesday at $130.00.

According to TipRanks.com, Daure is ranked #4112 out of 7019 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Temenos with a $137.48 average price target.

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Based on Temenos’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $209 million and net profit of $40.98 million. In comparison, last year the company earned revenue of $228 million and had a net profit of $49.29 million.

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Temenos AG is a holding company, which engages in the development, marketing, and sale of banking software systems. It operates through the Products and Services segments. The Product segment markets, licenses, and provides software solutions and subscription arrangements. The Services segment offers consulting and training activities. The company was founded by George Koukis in 1993 and is headquartered in Geneva, Switzerland.