Dividend On Watch: Can Jack Henry & Associates, Inc. (NASDAQ:JKHY) truly back claims of $0.28 dividends by Dec 16, 2016?

Dividend On Watch: Can Jack Henry & Associates, Inc. (NASDAQ:JKHY) truly back claims of $0.28 dividends by Dec 16, 2016?

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is expected to pay $0.28 on Dec 16, 2016. The indicated annual dividend is $1.12. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Jack Henry & Associates, Inc.’s current price of $88.78, the dividend is 0.32%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 11, 2016. The stock decreased 0.16% or $0.14 on November 25, hitting $88.78. Jack Henry & Associates, Inc. (NASDAQ:JKHY) has risen 8.41% since April 25, 2016 and is uptrending. It has outperformed by 2.40% the S&P500.

Jack Henry & Associates, Inc. is a provider of information processing solutions for community banks. The company has a market cap of $6.92 billion. The Firm offers a range of services and products, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It has a 27.09 P/E ratio. It operates in two divisions: bank systems and services and credit union systems and services (Credit Union).

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.16, from 1.14 in 2016Q1. The ratio is negative, as 24 funds sold all Jack Henry & Associates, Inc. shares owned while 124 reduced positions. 38 funds bought stakes while 130 increased positions. They now own 66.53 million shares or 1.60% less from 67.61 million shares in 2016Q1.
Legal & General Gp Pcl, a United Kingdom-based fund reported 10,906 shares. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.02% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 15,183 shares. New England Private Wealth Advsrs Limited Com, a Massachusetts-based fund reported 3,000 shares. Cue Financial Grp Inc Inc accumulated 9,400 shares or 0.7% of the stock. Voya Invest Management has 75,907 shares for 0.02% of their US portfolio. Td Asset Mgmt, a Ontario – Canada-based fund reported 64,844 shares. Texas Permanent School Fund holds 60,317 shares or 0.07% of its portfolio. The Massachusetts-based Bright Rock Ltd Limited Liability Company has invested 0.69% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Sei Company holds 0.08% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 161,986 shares. Diam reported 54,854 shares or 0.07% of all its holdings. U S Glob Invsts accumulated 13,427 shares or 0.64% of the stock. Jacobson & Schmitt Ltd Liability has 43,220 shares for 3.2% of their US portfolio. Virginia Retirement Et Al holds 0.01% or 9,800 shares in its portfolio. The California-based Dorsey Wright And Associate has invested 0.26% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). The Massachusetts-based Westfield Capital Mgmt Co L P has invested 0.07% in Jack Henry & Associates, Inc. (NASDAQ:JKHY).

Insider Transactions: Since September 21, 2016, the stock had 0 insider buys, and 2 insider sales for $3.00 million net activity. Forbis Mark S sold 3,000 shares worth $260,250. $2.74M worth of Jack Henry & Associates, Inc. (NASDAQ:JKHY) was sold by WILLIAMS KEVIN D.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Ratings Coverage

Out of 3 analysts covering Jack Henry (NASDAQ:JKHY), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Jack Henry has been the topic of 3 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Stephens maintained the stock with “Equal-Weight” rating in Thursday, August 27 report. The stock has “Perform” rating given by Oppenheimer on Wednesday, August 24. As per Thursday, August 27, the company rating was maintained by RBC Capital Markets.

More notable recent Jack Henry & Associates, Inc. (NASDAQ:JKHY) news were published by: Charlotteobserver.com which released: “Midsize Companies – No. 3 – Jack Henry & Associates Inc.” on September 24, 2016, also Prnewswire.com with their article: “Jack Henry & Associates Announces Regular Quarterly Dividend” published on November 07, 2016, Prnewswire.com published: “Jack Henry & Associates, Inc. to Elevate David Foss to CEO” on January 12, 2016. More interesting news about Jack Henry & Associates, Inc. (NASDAQ:JKHY) were released by: Prnewswire.com and their article: “Jack Henry & Associates Expedites P2P Payments” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “FirstBank, Jack Henry & Associates Partner for Enterprise-Wide IT Initiatives” with publication date: October 12, 2016.

JKHY Company Profile

Jack Henry & Associates, Inc., incorporated on October 4, 1985, is a well-known provider of information processing solutions for community banks. The Firm offers a range of services and products, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. The Firm operates in two divisions, which include bank systems and services (Bank) and credit union systems and services (Credit Union). The Firm provides its services and products through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three core software systems to banks and Symitar markets over two core software systems to credit unions. The Company’s subsidiaries include Jack Henry Services, Inc., Jack Henry Software/Commlink, Inc., Symitar Systems, Inc., Check Collect, Inc. and Bayside Business Solutions, Inc.

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