Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. The company's Jack Henry Banking business brand offers SilverLake, a robust primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation. Its Symitar business brand provides Episys, a robust designed for credit unions. In addition, the company offers digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.
Jack Henry & Associates Stock Up 1.3 %
JKHY Stock traded up $2.73 during mid-day trading on Friday, hitting $211.07. 323,889 shares of the company were exchanged, compared to its average volume of 387,005. The company has a market capitalization of $15.38 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 4.55 and a beta of 0.63. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Jack Henry & Associates has a twelve month low of $147.50 and a twelve month high of $211.31. The firm has a fifty day simple moving average of $188.38 and a 200 day simple moving average of $184.68.
Jack Henry & Associates Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, May 26th. Jack Henry & Associates's dividend payout ratio is currently 40.16%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Thursday, July 21st. Morgan Stanley assumed coverage on shares of Jack Henry & Associates in a research note on Wednesday, June 15th. They set an "equal weight" rating and a $190.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $185.11.