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 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd.

Jack Henry & Associates has increased its dividend payment by an average of 6.5% per year over the last three years and has increased its dividend every year for the last 34 years. Jack Henry & Associates has a payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. 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 Up 1.3 %

JKHY stock opened at $176.18 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $179.07 and a 200-day simple moving average of $171.45. The company has a market capitalization of $12.85 billion, a P/E ratio of 32.27, a PEG ratio of 3.28 and a beta of 0.63. Jack Henry & Associates has a twelve month low of $154.77 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. On average, equities research analysts predict that Jack Henry & Associates will post 5.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent research reports. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $188.73.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.

About Jack Henry & Associates

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.