Jack Henry & Associates, Inc. (JKHY) to Issue Quarterly Dividend of $0.58 on March 25th

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Friday, February 7th, RTT News reports. Shareholders of record on Thursday, March 6th will be given a dividend of 0.58 per share by the technology company on Tuesday, March 25th. This represents a $2.32 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 6th. 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% annually over the last three years and has raised its dividend annually for the last 35 consecutive years. Jack Henry & Associates has a dividend payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Research 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 $2.32 annual dividend with an expected future payout ratio of 37.1%.

Jack Henry & Associates Price Performance

JKHY stock opened at $178.00 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates has a 52 week low of $157.00 and a 52 week high of $189.63. The firm’s fifty day moving average is $173.03 and its 200 day moving average is $175.27. The firm has a market cap of $12.98 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.36 and a beta of 0.61.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on JKHY. UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Royal Bank of Canada lifted their price objective on 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $186.80.

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.