Jack Henry & Associates, Inc. (JKHY) To Go Ex-Dividend on December 2nd

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Tuesday, November 12th,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 1.28%. The ex-dividend date of this dividend is Monday, December 2nd.

Jack Henry & Associates has raised 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 34 years. Jack Henry & Associates has a dividend payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

JKHY traded down $2.50 during trading hours on Thursday, hitting $172.45. 568,906 shares of the stock were exchanged, compared to its average volume of 448,890. Jack Henry & Associates has a 12 month low of $151.05 and a 12 month high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00. The stock has a 50-day simple moving average of $179.40 and a 200-day simple moving average of $170.87. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on JKHY. Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.