Jack Henry stock hits all-time high on earnings report

With the release of its fiscal second-quarter earnings report, Monett-based Jack Henry & Associates Inc. (Nasdaq: JKHY) shares spiked to all-time high this morning.

JKHY shares moved as high as $82.89, up from yesterday’s closing price of $80.71. The company, which began trading publicly in 1985, has a 52-week low of $60.10.

In its second quarter, the maker of technology and payment processing products for the financial services industry produced profits of $59.3 million, or 74 cents per diluted share, a 10 percent increase from $53.9 million, or 66 cents per share, a year earlier, according to a news release.

"We are pleased to deliver another quarter with record revenue and earnings,” CEO Jack Prim said in the release. “Our outlook on the industry remains solid despite the recent stock market volatility."

Second-quarter financial notes:
    •    Revenue rose 7 percent to $332.9 million from $311.3 million a year earlier.
    •    Sales costs moved up 6 percent to $190.4 million from $180.3 million.
    •    Provision for income taxes was down 1 percent to $59.3 million.

As of Dec. 31, Jack Henry held $1.7 billion in assets. The company serves nearly 10,800 customers, according to the release.