Jack Henry & Associates, Inc. Buyback
OLI recorded this information on 2/17/2015
Company: |
Jack Henry & Associates, Inc. |
Buyback: |
JKHY buyback |
Share Amount Authorized: |
8,300,000.00 |
Buyback Details: |
Its Board of Directors also increased the remaining 3.3 million share stock repurchase authorization by another 5.0 million shares, bringing the total current authorization to 8.3 million shares. In October of 2002, the Board of Directors approved the current buyback program which has been increased incrementally since that time as shares have been repurchased. The company will finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facility. All transactions will be executed in accordance with regulatory and exchange guidelines. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. |
Jack Henry & Associates is a provider of information processing solutions for banks. Co.'s solutions are: banking, which supports commercial banks with information and transaction processing platforms; credit union, which supports credit unions with an information and transaction processing platform; and non-primary, which provides products and services to improve the performance of financial services organizations. Co.'s software systems primarily consist of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information.
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April 25, 2024 2:26 AM Eastern
Hold (2.50 out of 4)
5th percentile
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