3 Ex-Dividend Stocks With Buy Ratings
NEW YORK (
) -- The following stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment:
Henry (Jack) & Associates
(JKHY) - Get Report
,
Microchip Technology
(MCHP) - Get Report
and
Solera Holdings
(SLH)
.
The three stocks receive buy ratings from
TheStreet Ratings
.
See the complete
.
|
Microchip Technology
The semiconductor products maker reported earlier this month third-quarter earnings of $77.5 million, or 38 cents a share, a fall from year-ago earnings of $100.8 million, or 52 cents.
"The company guided for seasonal growth as it expects to see the beginning of the upturn," JPMorgan analysts wrote in a Feb. 3 report. "However, we continue to believe Microchip is expensive at its current valuation of 18X our C13 EPS estimate of $2.15, a roughly 15% premium to our large cap semiconductor average of 15.5X C13 EPS. As a result, we remain Neutral on MCHP due to valuation."
Forward Annual Dividend Yield:
3.8%
Rated "A (Buy)" by TheStreet Ratings:
The company's third-quarter gross profit margin was basically the same as a year ago.
Microchip Technology is extremely liquid. Its Quick Ratio is 5.84, which shows it can meet its short-term cash needs.
In the third quarter, stockholders' net worth increased 17.65% from the prior year.
TheStreet Ratings'
price target is
. The stock closed Monday at $36.94 and has risen 0.05%.
Jack Henry & Associates
The integrated computer systems company reported last month fiscal second-quarter earnings of $38.5 million, or 44 cents a share, an increase from year-ago earnings of $36 million, or 42 cents.
"We are encouraged by JKHY's continued solid organic revenue growth, itsgrowing backlog, and the continued mix shift toward outsourcing and payments," Oppenheimer analysts wrote in a Feb. 1 report. "JKHY trades at a modest premium to peers on an EBITDA basis, although the group trades at cyclically depressed levels, in our view."
Forward Annual Dividend Yield:
1.3%
Rated "A+ (Buy)" by TheStreet Ratings:
The company's second-quarter gross profit margin was basically the same as a year ago.
Jack Henry & Associates has weak liquidity. Its Quick Ratio is 0.83, which demonstrates a lack of ability to meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 15.29% from the prior year.
TheStreet Ratings'
price target is
. The stock closed Monday at $34.90 and has increased 3.84% year to date.
Solera Holdings
The car insurance claims software company reported last week fiscal second-quarter earnings of $28.2 million, or 39 cents a share, which fell from year-ago earnings of $30.9 million, or 44 cents.
"This was the first time Solera reported a relationship with a local insurance company," JPMorgan analysts wrote in a Feb. 8 report. " The key local targets have
about 70% market share. Solera is training the customers on its software. It's early days, but we think it's an important development. Training could take
less than 1 year assuming the build-out continues. China represents the largest global car park, with accident frequency 6x
greater than the US market."
Forward Annual Dividend Yield:
0.8%
Rated "B (Buy)" by TheStreet Ratings:
The company's second-quarter gross profit margin was about the same as the prior year.
Solera Holdings is extremely liquid. Its Quick Ratio is 2.83, which shows the company can meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 21.39% from the previous year.
TheStreet Ratings'
price target is
. The stock closed Monday at $49.32 and has risen 10.73% year to date.
Find out which stocks have the
.
-- Written by Alexandra Zendrian
>To contact the writer of this article, click here:
Alexandra Zendrian
>To submit a news tip, send an email to:
.
>To follow the writer on Twitter, go to
.
