Notable News to Watch: Jack Henry & Associates® (NASDAQ: JKHY)

Jack Henry & Associates® (NASDAQ: JKHY), changed -0.48% to recent value of $138.49. The stock transacted 292287 shares during most recent day however it has an average volume of 397.59K shares. It spotted trading -9.44% off 52-week high price. On the other end, the stock has been noted 15.22% away from the low price over the last 52-weeks.

Jack Henry & Associates® (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, announced that Geezeo, a subsidiary it acquired in July 2019, was recently informed by a third-party service provider that in May of this year, prior to its acquisition by Jack Henry, there was a security incident at that provider that involved a Geezeo account.

Upon notification by the third-party provider, Geezeo immediately began investigating. In reviewing the information from the third-party provider, Geezeo discovered that its information was impacted and a 2012 data file may have been accessed.

There was no impact on Geezeo’s or Jack Henry’s operations and it does not appear that any password, security code, access code or other similar information that would permit access to a consumer’s financial account was accessed.

Geezeo has contacted all financial institutions that were affected. Proper remediation steps have been taken to contain the incident and to secure the company’s systems to help ensure that future incidents of this nature cannot occur. The appropriate regulatory bodies and federal law enforcement have been notified.

Charlie Wright, Chief Risk Officer of Jack Henry & Associates, said, “Safeguarding our clients’ information is essential to our mission. Although the incident occurred prior to our acquisition of Geezeo, I am grateful it has been contained. We appreciate the understandable worry the incident has caused for the small number of financial institutions that were affected.”

 JKHY has a gross margin of 40.60% and an operating margin of 22.40% while its profit margin remained 17.50% for the last 12 months. 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%.

 The company has 76.91M of outstanding shares and 76.31M shares were floated in the market. 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 -3.65% from the mean of 20 days, -3.84% from mean of 50 days SMA and performed 0.19% from mean of 200 days price. Company’s performance for the week was -3.63%, -5.68% for month and YTD performance remained 9.46%.

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