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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Thursday, May 9th, RTT News reports. Shareholders of record on Tuesday, May 28th will be given a dividend of 0.55 per share by the technology company on Monday, June 17th. This represents a $2.20 dividend on an annualized basis and a yield of 1.30%.

Jack Henry & Associates has raised its dividend payment by an average of 6.5% annually over the last three years and has increased its dividend every year for the last 33 years. Jack Henry & Associates has a dividend payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jack Henry & Associates to earn $5.65 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 38.9%.

Jack Henry & Associates Stock Performance

JKHY opened at $169.04 on Friday. The company has a 50 day simple moving average of $168.89 and a two-hundred day simple moving average of $164.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $12.32 billion, a P/E ratio of 33.08, a PEG ratio of 3.84 and a beta of 0.66. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter in the previous year, the company earned $1.12 EPS. Jack Henry & Associates’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts forecast that Jack Henry & Associates will post 5.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday. Evercore ISI upped their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Finally, Citigroup started coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $174.42.

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.