Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Monday, February 11th, Zacks reports. Shareholders of record on Friday, March 1st will be given a dividend of 0.40 per share by the technology company on Monday, March 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 28th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.37.
Jack Henry & Associates has raised its dividend payment by an average of 14.0% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Jack Henry & Associates has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jack Henry & Associates to earn $4.00 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 37.0%.
Shares of NASDAQ:JKHY opened at $131.80 on Tuesday. Jack Henry & Associates has a 12 month low of $115.49 and a 12 month high of $163.68. The stock has a market capitalization of $10.24 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89.
Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $386.28 million for the quarter, compared to analyst estimates of $380.40 million. Jack Henry & Associates had a net margin of 19.57% and a return on equity of 23.57%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $2.08 earnings per share. On average, research analysts expect that Jack Henry & Associates will post 3.58 earnings per share for the current year.
In other news, VP Mark S. Forbis sold 3,000 shares of the firm’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $134.91, for a total value of $404,730.00. Following the completion of the sale, the vice president now owns 5,038 shares in the company, valued at approximately $679,676.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by corporate insiders.
JKHY has been the subject of a number of recent analyst reports. ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 10th. Zacks Investment Research lowered shares of Jack Henry & Associates from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $163.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $152.75.
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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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