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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced a quarterly dividend on Monday, February 9th. Stockholders of record on Thursday, March 5th will be paid a dividend of 0.61 per share by the technology company on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 5th. This is a 5.2% increase from Jack Henry & Associates’s previous quarterly dividend of $0.58.

Jack Henry & Associates has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 35 consecutive years. Jack Henry & Associates has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. 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 $2.32 annual dividend with an expected future payout ratio of 37.1%.

Jack Henry & Associates Stock Down 1.0%

Jack Henry & Associates stock traded down $1.80 during midday trading on Monday, reaching $171.56. The stock had a trading volume of 1,511,820 shares, compared to its average volume of 864,220. The company has a fifty day moving average price of $183.37 and a two-hundred day moving average price of $168.29. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a current ratio of 1.54, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12.42 billion, a P/E ratio of 24.65, a PEG ratio of 2.66 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, equities analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently bought and sold shares of JKHY. Hantz Financial Services Inc. purchased a new position in shares of Jack Henry & Associates in the second quarter worth $27,000. Larson Financial Group LLC raised its stake in shares of Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $35,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates during the 2nd quarter valued at about $39,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

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.