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Jack Henry stock reaches 52-week high

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Shares of Jack Henry & Associates Inc. (Nasdaq: JKHY) reached a new 52-week high this morning.

The stock, which closed yesterday at $63.39, rose to $63.66 this morning, its new high water mark. As of 10:51 a.m., JKHY shares had dropped down a bit to $63.09. The Monett-based banking software firm’s 52-week low is $51.86.

This week, Jack Henry announced it landed the $2 billion-asset Citadel Federal Credit Union as a client. The company also won out against a patent troll that claimed the software firm was using an online transaction security patent illegally, according to Law360.

In November, Jack Henry reported fiscal 2015 first-quarter earnings of $52.8 million, a 6 percent increase compared to $49.8 million a year earlier. Revenue also was up 8 percent to $318.8 million, according to Springfield Business Journal archives.

Jack Henry constructs integrated computer systems and processes ATM and debit card transactions for banks and credit unions, with some 11,300 customers nationwide. As of Sept. 30, the company's assets were $1.6 billion.[[In-content Ad]]

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