Jack Henry & Associates, Inc. (NASDAQ:JKHY) Plans Quarterly Dividend of $0.58

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) announced a quarterly dividend on Monday, February 10th,RTT News reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.58 per share by the technology company on Tuesday, March 25th. This represents a $2.32 annualized dividend and a yield of 1.36%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55.

Jack Henry & Associates has increased its dividend by an average of 6.1% per year over the last three years and has increased its dividend every year for the last 21 years. Jack Henry & Associates has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jack Henry & Associates to earn $6.26 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 35.1%.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded down $2.84 during trading on Tuesday, hitting $170.82. 268,698 shares of the stock were exchanged, compared to its average volume of 589,778. The company's fifty day simple moving average is $174.77 and its 200-day simple moving average is $174.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Sell-side analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on JKHY shares. Keefe, Bruyette & Woods lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Stephens reiterated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $186.80.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.