Jack Henry & Associates, Inc. (NASDAQ:JKHY) to Issue $0.40 Quarterly Dividend

Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Friday, November 15th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.40 per share by the technology company on Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, November 29th.

NASDAQ:JKHY traded up $0.17 during trading hours on Wednesday, hitting $151.96. 1,791 shares of the stock were exchanged, compared to its average volume of 532,279. The company’s 50 day moving average is $144.98 and its two-hundred day moving average is $140.86. Jack Henry & Associates has a twelve month low of $120.20 and a twelve month high of $152.35. The company has a market capitalization of $11.50 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 3.54 and a beta of 0.88.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.12. Jack Henry & Associates had a return on equity of 19.41% and a net margin of 17.38%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $420.34 million. During the same quarter in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, research analysts anticipate that Jack Henry & Associates will post 3.68 earnings per share for the current fiscal year.

In other news, VP Ronald L. Moses sold 1,800 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $146.60, for a total value of $263,880.00. Following the transaction, the vice president now owns 1,838 shares of the company’s stock, valued at approximately $269,450.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mark S. Forbis sold 1,479 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $148.29, for a total value of $219,320.91. Following the completion of the transaction, the vice president now directly owns 1,621 shares in the company, valued at approximately $240,378.09. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, November 7th. Atlantic Securities assumed coverage on Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective on the stock. ValuEngine raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Wells Fargo & Co upped their price objective on Jack Henry & Associates from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.20.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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