Jack Henry & Associates, Inc. (NASDAQ:JKHY) Announces $0.61 Quarterly Dividend

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 1st will be paid a dividend of 0.61 per share by the technology company on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st.

Jack Henry & Associates has raised 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 $7.05 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 34.6%.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $2.19 during mid-day trading on Monday, hitting $143.65. The company had a trading volume of 1,306,128 shares, compared to its average volume of 977,819. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.13 and a beta of 0.63. Jack Henry & Associates has a 12 month low of $141.81 and a 12 month high of $193.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The firm’s 50 day simple moving average is $158.51 and its two-hundred day simple moving average is $168.11.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities research analysts forecast that Jack Henry & Associates will post 6.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JKHY shares. Loop Capital started coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research report on Thursday. The Goldman Sachs Group reduced their price objective on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

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.