Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Monday, August 27th, RTT News reports. Shareholders of record on Tuesday, September 11th will be paid a dividend of 0.37 per share by the technology company on Tuesday, October 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, September 10th.
Jack Henry & Associates has increased its dividend payment by an average of 12.1% annually over the last three years and has increased its dividend every year for the last 14 years. Jack Henry & Associates has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jack Henry & Associates to earn $4.53 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 32.7%.
Shares of NASDAQ JKHY opened at $159.28 on Wednesday. Jack Henry & Associates has a 1-year low of $100.78 and a 1-year high of $159.99. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 44.37, a P/E/G ratio of 3.59 and a beta of 0.91.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 21st. The technology company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.15. Jack Henry & Associates had a net margin of 24.51% and a return on equity of 23.72%. The company had revenue of $417.20 million during the quarter, compared to the consensus estimate of $407.57 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. sell-side analysts anticipate that Jack Henry & Associates will post 4.01 EPS for the current year.
In related news, Director Wesley A. Brown sold 3,479 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $132.21, for a total transaction of $459,958.59. Following the completion of the sale, the director now directly owns 91,124 shares of the company’s stock, valued at $12,047,504.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John F. Prim sold 6,329 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the sale, the director now directly owns 206,318 shares of the company’s stock, valued at $32,474,453.20. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.
A number of brokerages have weighed in on JKHY. BidaskClub raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th. Cantor Fitzgerald reissued a “buy” rating and set a $134.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, May 22nd. Finally, Wells Fargo & Co boosted their price target on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $137.29.
About Jack Henry & Associates
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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