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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Tuesday, November 12th,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 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, December 2nd.

Jack Henry & Associates has increased its dividend payment by an average of 6.5% per year over the last three years and has increased its dividend annually for the last 34 consecutive years. Jack Henry & Associates has a payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.3 %

Shares of NASDAQ JKHY opened at $176.18 on Friday. The company has a market cap of $12.85 billion, a PE ratio of 32.27, a P/E/G ratio of 3.32 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50 day moving average price is $179.07 and its 200-day moving average price is $171.49. Jack Henry & Associates has a 52-week low of $154.77 and a 52-week high of $189.63.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on JKHY shares. Stephens reissued an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $188.73.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

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.