Jack Henry & Associates, Inc. (NASDAQ:JKHY) to Issue Quarterly Dividend of $0.55

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.55 per share by the technology company on Monday, December 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd.

Jack Henry & Associates has increased its dividend by an average of 6.5% per year over the last three years and has increased its dividend every year for the last 34 years. Jack Henry & Associates has a dividend payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jack Henry & Associates to earn $6.25 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 35.2%.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $2.50 during midday trading on Thursday, hitting $172.45. The stock had a trading volume of 568,906 shares, compared to its average volume of 448,890. The company’s 50-day moving average price is $179.40 and its 200-day moving average price is $170.87. The company has a market capitalization of $12.58 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. Jack Henry & Associates has a fifty-two week low of $151.05 and a fifty-two week high of $189.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates will post 5.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research reports. Stephens reissued an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. UBS Group upped their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $188.73.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.