Jack Henry & Associates, Inc. (NASDAQ:JKHY) Announces Quarterly Dividend of $0.61

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Monday, August 24th. Stockholders of record on Monday, September 7th will be given a dividend of 0.61 per share by the technology company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th.

Jack Henry & Associates has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 35 years. Jack Henry & Associates has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Jack Henry & Associates to earn $7.69 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 31.7%.

Jack Henry & Associates Trading Up 2.6%

Shares of JKHY traded up $4.31 during trading hours on Monday, hitting $170.51. 1,032,103 shares of the stock were exchanged, compared to its average volume of 1,191,687. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The business has a 50-day moving average of $147.07 and a 200-day moving average of $150.95. The firm has a market capitalization of $12.11 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 1.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.38 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, research analysts expect that Jack Henry & Associates will post 7.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, August 19th. UBS Group raised their price objective on Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays boosted their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.07.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.