Jack Henry & Associates, Inc. (NASDAQ:JKHY) to Issue Dividend Increase – $0.58 Per Share

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Monday, February 10th,RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.58 per share by the technology company on Tuesday, March 25th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55.

Jack Henry & Associates has increased its dividend payment by an average of 6.1% per year over the last three years and has raised its dividend every year for the last 21 years. Jack Henry & Associates has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Jack Henry & Associates to earn $6.26 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 35.1%.

Jack Henry & Associates Stock Down 0.0 %

Shares of Jack Henry & Associates stock opened at $173.81 on Monday. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a market capitalization of $12.68 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The stock’s fifty day moving average is $174.77 and its 200-day moving average is $174.83.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised their price objective 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. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $186.80.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.