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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Thursday, May 9th, RTT News reports. Stockholders of record on Tuesday, May 28th will be paid a dividend of 0.55 per share by the technology company on Monday, June 17th. This represents a $2.20 annualized dividend and a dividend yield of 1.33%.

Jack Henry & Associates has increased 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 33 years.

Jack Henry & Associates Stock Down 0.0 %

Shares of JKHY opened at $165.59 on Thursday. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The firm’s 50 day moving average is $168.98 and its 200-day moving average is $164.25. The stock has a market capitalization of $12.07 billion, a PE ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Evercore ISI increased their price target 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. Citigroup assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. Finally, Robert W. Baird increased their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.