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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Thursday, May 9th, RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.33%.

Jack Henry & Associates has increased 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 Trading Down 0.0 %

NASDAQ:JKHY opened at $165.59 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates has a one year low of $136.57 and a one year high of $178.37. The business’s 50-day simple moving average is $168.98 and its 200 day simple moving average is $164.25. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly 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. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business 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 firm posted $1.12 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Jack Henry & Associates will post 5.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Evercore ISI upped their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Citigroup assumed coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price for the company. Royal Bank of Canada upped their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Finally, Robert W. Baird upped their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. One investment 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. According to MarketBeat, the company presently 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.