This week, I'm looking for the third technology sector representative of six for my Ivy portfolio.

That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, internet, scientific instruments, software, solar, and all such techno-marvels.

Today I'm reviewing small-cap information technology and services, a firm named Jack Henry & Associates, Inc. Its ticker symbol is JKHY.

Jack Henry & Associates, Inc. is one of the leading providers of core processing systems to domestic banks and credit unions. The company also provides ancillary products, such as Internet banking, check imaging, and remote deposit capture. Jack Henry serves about 1,200 banks and 800 credit unions.

The company's Jack Henry Banking business brand offers SilverLake, a robust IBM Power System primarily designed for commercial-focused banks; CIF 20/20, a system for the community bank market; and Core Director, a Windows-based client/server system.

Its Symitar business brand provides Episys, a robust IBM Power System primarily designed for credit unions; and CruiseNet, a Windows-based client/server system designed primarily for credit unions.

In addition, the company offers electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services.

Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.

I use three key data points to gauge the value of any dividend equity-like Jack Henry & Associates, Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

JKHY Price

JKHY's price per share closed at $133.76 Friday. A year ago its price was $121.01. Price rose $12.75 per share last year, or over 10.5%.

Assuming JKHY's stock trades in the range of $120 to $140 this year, JKHY's recent $133.76 price could rise by $1.24 and go to $135.00 by early-March, 2020.

JKHY Dividends

JKHY's most recent Quarterly dividend was $0.40 declared March 18th.

That $0.40 quarterly dividend equates to a  $1.60 annual payout and a yield of 1.20% at Friday's $133.76 closing price.

Gains For JKHY?

Adding the $1.60 annual estimated dividend to my $1.24 JKHY estimated price upside shows a $2.84 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we put a little under $1,000.00 today at the $133.76 recent stock price would buy us 7 Jack Henry & Associates, Inc. shares.

A $10 broker fee paid half at purchase and half at sale costs $1.43 per share.

Subtract that $1.43 brokerage cost from the estimated $2.84 gross annual gain leaves a net gain of $1.41 X 7 shares

= $9.87  or over a 1.05% net gain on a $936.32 investment.

Therefore, Jack Henry & Associates, Inc. whose trading ticker symbol is JKHY, now shows a possible net gain of 1.05% including a 1.2% dividend yield.

Eleven brokers cover this stock:

Two say "buy" JKHY.

None say JHKY will "outperform" peers.

Eight say "hold" on to your JKHY shares.

One says JKHY will "underperform" peers.

Therefore, you can look at  Jack Henry & Associates, Inc. and see it has made money, is making money, and could throw a net gain of 1.05% including a 1.20% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Jack Henry & Associates, Inc. is worth your time and money.