Jack Henry & Associates, Inc. (JKHY) Increases Dividend to $0.37 Per Share

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Monday, February 12th, RTT News reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.37 per share by the technology company on Friday, March 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.31.

Jack Henry & Associates has raised its dividend by an average of 12.1% per year over the last three years and has increased its dividend annually for the last 14 consecutive 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 $3.87 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 32.0%.

Shares of Jack Henry & Associates (NASDAQ JKHY) opened at $115.33 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Jack Henry & Associates has a 52-week low of $90.25 and a 52-week high of $127.31. The company has a market capitalization of $8,910.57, a PE ratio of 36.50, a PEG ratio of 3.09 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.80 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $368.84 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. research analysts forecast that Jack Henry & Associates will post 3.39 EPS for the current fiscal year.

A number of analysts have recently commented on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a research report on Thursday, November 9th. Robert W. Baird restated a “hold” rating and issued a $114.00 price target on shares of Jack Henry & Associates in a research report on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Finally, Cantor Fitzgerald boosted their price target on Jack Henry & Associates to $128.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $122.17.

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About Jack Henry & Associates

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).

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

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