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 Trading Down 0.1 %
NASDAQ:JKHY opened at $210.93 on Tuesday. The stock's 50 day moving average is $188.83 and its 200 day moving average is $185.16. The firm has a market capitalization of $15.37 billion, a PE ratio of 43.22, a P/E/G ratio of 4.55 and a beta of 0.63. The company has a quick ratio of 1.47, a current 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 $212.40.
Jack Henry & Associates Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 27th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $1.96 annualized dividend and a dividend yield of 0.93%. Jack Henry & Associates's payout ratio is 40.16%.
Analyst Ratings Changes
JKHY has been the subject of several analyst reports. Morgan Stanley began coverage on Jack Henry & Associates in a report on Wednesday, June 15th. They set an "equal weight" rating and a $190.00 target price for the company. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Thursday, July 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $185.11.