Prepared by Dr. Priya Sharma, FRM, Head of Quantitative Research | Reviewed by Michael Brown, Lead Editor | Report ID: IGEMINI-3A238745-20260531 | Data as of 2026-05-31
Executive Summary: Our multi-factor model assigns 403 b plans a Cautiously Constructive outlook for the next quarter. Key drivers include a P/E of 63.34x, 7.2% revenue expansion, and an RSI of 72 suggesting a neutral-bullish phase. We define critical support at $9405 and resistance at $11495.
Rating: Accumulate | Target Price: $12749 | Next Earnings: Jun 20
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On-chain money flow shows 15%% increase in smart money index, reinforcing the technical setup.
Ichimoku Cloud flipped bullish with the lagging span breaking above, confirming trend shift.
Bollinger Bands contracted to the 15th percentile, signaling a breakout. A close above $12017.5 would be bullish.
Relative to Technology peers, 403 b plans sits at the 61th percentile in valuation, offering a potential value opportunity.
Free cash flow conversion remains robust at 74%, supporting the 2.87% dividend and buybacks.
Short float at 3.9% is below the sector average, reducing squeeze risk. Institutional ownership is 83%.
Beta of 1.98 suggests 403 b plans is {beta_desc} volatile than the market, influencing hedging strategies.
Options skew is toward put at the 10554.5 strike, positioning for a directional move.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $10450 | $9927.5 |
| Market Cap | $24.58B | $27.04B |
| P/E Ratio | 63.34x | 53.8x |
| EPS (TTM) | $164.98 | $148.48 |
| Dividend Yield | 2.87% | 2% |
| Revenue Growth | 7.2% | 4.3% |
| Target Price | $12749 | - |
| Beta | 1.98 | 1.00 |