Jack Henry & Associates, Inc. Buyback
OLI recorded this information on 2/17/2015
Jack Henry & Associates, Inc.
Share Amount Authorized:
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 products and services include processing transactions, automating business processes, and managing information. Co.'s proprietary solutions are marketed through its business brands: Jack Henry Banking, which supports commercial banks with information and transaction processing platforms; Symitar, which supports credit unions of various sizes with an information and transaction processing platform; and ProfitStars, which provides agnostic products and services for financial institutions. Co.'s software systems consist of applications required to process deposit, loan, and general ledger transactions.
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Buy (2.67 out of 4)