Jack Henry & Associates Inc. (NASDAQ:JKHY) declared a quarterly dividend on Friday, November 11th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.28 per share on Friday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 1.32%.

Jack Henry & Associates (NASDAQ:JKHY) opened at 84.58 on Monday. The stock’s 50 day moving average is $82.94 and its 200 day moving average is $85.23. Jack Henry & Associates has a one year low of $73.19 and a one year high of $89.89. The company has a market capitalization of $6.61 billion, a PE ratio of 25.84 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Monday, November 7th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Jack Henry & Associates had a net margin of 18.85% and a return on equity of 27.13%. The business had revenue of $345 million for the quarter, compared to analysts’ expectations of $335.65 million. During the same period in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Jack Henry & Associates will post $3.10 earnings per share for the current fiscal year.

Dividend History for Jack Henry & Associates (NASDAQ:JKHY)

Several research firms recently weighed in on JKHY. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, November 9th. Stephens set a $90.00 price target on shares of Jack Henry & Associates and gave the stock a “hold” rating in a report on Wednesday, November 9th. Oppenheimer Holdings Inc. cut shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. They noted that the move was a valuation call. Finally, Citigroup Inc. cut shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $89.33.

In other Jack Henry & Associates news, insider Kevin D. Williams sold 31,802 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $86.14, for a total value of $2,739,424.28. Following the transaction, the insider now directly owns 55,274 shares in the company, valued at $4,761,302.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark S. Forbis sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $86.75, for a total transaction of $260,250.00. Following the completion of the transaction, the vice president now owns 1,936 shares in the company, valued at $167,948. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. boosted its stake in shares of Jack Henry & Associates by 5.3% in the second quarter. Pacad Investment Ltd. now owns 3,790 shares of the company’s stock worth $331,000 after buying an additional 190 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Jack Henry & Associates by 0.3% in the second quarter. Raymond James & Associates now owns 119,629 shares of the company’s stock worth $10,440,000 after buying an additional 367 shares during the last quarter. Reliance Trust Co. of Delaware boosted its stake in shares of Jack Henry & Associates by 10.8% in the second quarter. Reliance Trust Co. of Delaware now owns 3,833 shares of the company’s stock worth $335,000 after buying an additional 373 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Jack Henry & Associates by 7.6% in the second quarter. Citigroup Inc. now owns 7,250 shares of the company’s stock worth $632,000 after buying an additional 514 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Jack Henry & Associates by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 12,473 shares of the company’s stock worth $1,089,000 after buying an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 87.25% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

5 Day Chart for NASDAQ:JKHY

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