Jack Henry & Associates (NASDAQ:JKHY) noted trading -4.22% off 52-week high price. On the other end, the stock has been noted 19.17% away from the low price over the last 52-weeks. The stock changed -0.17% to recent value of $146.48. The stock transacted 320616 shares during most recent day however it has an average volume of 426.42K shares. The company has 77.03M of outstanding shares and 76.29M shares were floated in the market.
On Jan. 7, 2020, Jack Henry & Associates (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar® division Released that Community Choice Credit Union and Rio Grande Credit Union will leverage the Commercial Lending Center Suite™ to streamline the commercial lending process and support portfolio growth. Both credit unions selected the platform through their partnership with Member Driven Technologies (MDT), a CUSO that hosts the Episys® core platform from Symitar to provide a private cloud alternative for core processing and IT needs.
Farmington Hills, Mich.-based Community Choice Credit Union is a founding member of MDT and has a total commercial portfolio of $150 million. The $1.1 billion-asset credit union recognized the need for more comprehensive, robust portfolio management and reporting tools to support their expanding commercial lending business and ultimately selected the Commercial Lending Center Suite. Teresa Mayer, Chief Lending and Retail Officer for Community Choice Credit Union, explained, We plan to strategically grow our commercial portfolio over the coming years to better serve businesses of all sizes throughout our community. The commercial lending platform from Symitar will help us more efficiently and effectively achieve this goal by streamlining previously cumbersome, manual processes and providing the digital functionality ‘s business borrowers expect. The platform also offers new levels of transparency, allowing our team to easily view everything about an individual borrower as well as the entire portfolio in a single location.
Albuquerque, N.M.-based Rio Grande Credit Union is in the process of launching their commercial lending department to better serve the local economy and state. The $340 million-asset credit union has successfully leveraged Episys through MDT for years. Erin Gomez, Vice President of Specialty Services at Rio Grande Credit Union, stated, New Mexico is a traditionally underserved region, and we look forward to providing the small businesses in our community with the intuitive tools and functionality they need to grow and succeed financially. This commercial lending platform was a natural choice for us because of its modern digital capabilities, close integration to our core and ease of use for both employees and borrowers. Plus, we have always had strong partnerships with Symitar and MDT, and we look forward to working with them in this additional capacity as we expand our commercial offerings. Its earnings per share (EPS) expected to touch remained 5.60% for this year while earning per share for the next 5-years is expected to reach at 12.00%. JKHY has a gross margin of 40.60% and an operating margin of 22.70% while its profit margin remained 17.40% for the last 12 months.
According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.13% from the mean of 20 days, -0.42% from mean of 50 days SMA and performed 3.20% from mean of 200 days price. Company’s performance for the week was 0.75%, -2.81% for month and YTD performance remained 0.56%.