Keep Your Eyes on This NEWS: Jack Henry & Associates (NASDAQ:JKHY)

James Blair

Jack Henry & Associates (NASDAQ:JKHY) stock identified change of 21.44% away from 52-week low price and recently located move of -9.94% off 52-week high price. It has market worth of $11476.16M and dividend yield of 1.10%. JKHY stock has been recorded 2.46% away from 50 day moving average and 6.71% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.16% off 20-day moving average.

On Sept. 30, 2019, Jack Henry & Associates (NASDAQ:JKHY) a leading provider of technology solutions and payment processing services primarily for the financial services industry, reported that its Executive Vice President and Chief Technology Officer, Mark Forbis, will retire on November 15, 2019. Effective with Forbis’ retirement, the company will appoint Ted Bilke as its CTO and elevate Greg Adelson to a new Chief Operating Officer position on its executive team.

David Foss, president and CEO of Jack Henry & Associates, commented, Mark’s commitment to our company’s progress has been palpable at Jack Henry for decades. While I’m excited for this new chapter of his life, his dedication and expertise will be missed. We are grateful to Mark for his significant contributions to our company and our industry; he leaves behind strong teams that have well positioned Jack Henry for continued success.

Forbis began his career in 1982 with Systematics (now Fidelity Information Systems) in its data center in Fayetteville, Arkansas while attending the University of Arkansas. He moved to Monett, Missouri in 1988 to join JHA’s CIF 36 Support Department, and in the years that followed he served in diverse roles within the organization. He was instrumental in researching, developing, and enhancing the SilverLake System® core platform, served as an Installation Manager, and managed the Image and Item Processing division where he was responsible for development, installation, and support of the company’s check and document image products. In 2003, he was named General Manager of Technology Services, where he focused on the technology direction of the company’s core banking and credit union platforms and numerous complementary products. Forbis was named Vice President and Chief Technology Officer in 2006 and was elevated to Executive Vice President in July 2018.

 The Technology sector company, Jack Henry & Associates noticed change of 1.57% to $145.97 along volume of 667920 shares in recent session compared to an average volume of 390.8K. The stock observed return of 0.42% in 5 days trading activity. The stock was at 0.67% over one month performance. JKHY’s shares are at 7.00% for the quarter and driving a -8.30% return over the course of the past year and is now at 15.37% since this point in 2018. 

 The average volatility for the week at 1.97% and for month was at 1.69%. There are 78.62M shares outstanding and 76.37M shares are floated in market. Right now the stock beta is 0.9. 

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