Jack Henry stock hits 52-week high

After hitting a new 52-week high yesterday, stock of Monett-based Jack Henry & Associates Inc. (Nasdaq: JKHY) climbed even higher this morning.

On Dec. 27, company shares opened at $33.97, hit a new high of $34.44 and closed at $34.21. At 9:32 this morning, the stock price jumped to $34.50 per share.

Its previous high, $34.17, was reached April 6.

For the first quarter of its fiscal year, which ended Sept. 30, Jack Henry recorded earnings of $36.5 million, up 14.8 percent compared to net income of $31.8 million in the first quarter of the prior year.

Quarterly revenue increased 5.8 percent to $248.3 million from $234.8 million in the same quarter last year, while gross profit improved by 7.6 percent to $104.4 million from $97 million.

In the first-quarter financials news release, Jack Henry President Tony Wormington said the company had started its fiscal year with record first-quarter revenue, gross profit and net income.

Jack Henry & Associates constructs integrated computer systems and processes ATM and debit card transactions for bank and credit unions, with more than 11,300 customers nationwide. On Dec. 20, the company announced the availability of its Mobile Website platform, developed to enable financial institutions to operate Web sites designed specifically for mobile devices.

As of 11:36 a.m., the company's stock was trading at $33.93.[[In-content Ad]]