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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 1.26%.

Jack Henry & Associates has raised its dividend by an average of 6.5% annually over the last three years and has raised its dividend annually for the last 34 consecutive years. Jack Henry & Associates has a dividend payout ratio of 37.7% indicating that 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 Stock Down 1.2 %

Shares of JKHY stock traded down $2.16 during mid-day trading on Wednesday, hitting $174.95. The stock had a trading volume of 362,692 shares, compared to its average volume of 447,239. Jack Henry & Associates has a 12-month low of $151.05 and a 12-month high of $189.63. The firm has a market capitalization of $12.76 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. The firm’s 50-day moving average is $179.34 and its two-hundred day moving average is $170.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JKHY shares. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Stephens reiterated 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 cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Company Profile

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.