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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Monday, December 2nd will be paid 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 yield of 1.26%.

Jack Henry & Associates has raised its dividend payment by an average of 6.5% per year over the last three years and has raised its dividend every year for the last 34 years. Jack Henry & Associates has a payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.5 %

Shares of JKHY traded down $0.80 during trading on Thursday, reaching $174.15. The company’s stock had a trading volume of 45,042 shares, compared to its average volume of 446,672. Jack Henry & Associates has a twelve month low of $151.05 and a twelve month 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. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.34 and a beta of 0.63. The company has a fifty day moving average of $179.40 and a two-hundred day moving average of $170.87.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. On average, sell-side analysts predict that Jack Henry & Associates will post 5.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.