Jack Henry & Associates, Inc. (JKHY) To Go Ex-Dividend on September 4th

Jack Henry & Associates, Inc. (NASDAQ:JKHY) declared a quarterly dividend on Friday, August 21st. Shareholders of record on Monday, September 7th will be given a dividend of 0.61 per share by the technology company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 4th.

Jack Henry & Associates has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 35 consecutive years. Jack Henry & Associates has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jack Henry & Associates to earn $7.73 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 31.6%.

Jack Henry & Associates Stock Up 0.1%

Shares of NASDAQ JKHY opened at $168.10 on Wednesday. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39. The firm’s 50-day moving average is $153.20 and its 200-day moving average is $150.91. The company has a current ratio of 1.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11.79 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same period in the prior year, the business posted $1.75 earnings per share. Jack Henry & Associates’s revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities analysts expect that Jack Henry & Associates will post 7.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JKHY. UBS Group increased their price target on Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Stephens restated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Barclays raised their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Royal Bank Of Canada upped their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group increased their price target on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Moderate Buy” and an average target price of $193.40.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.