4.48%XLF 15.92 10.56%QQQQ 32.65 6.34%
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MONETT, Mo. - Jack Henry & Associates Inc., a provider of computer systems and automated teller machine transaction processing, said Monday its board of directors approved a plan to add an additional 5 million shares to a stock repurchase plan.
| JKHY | 17.49 |  -0.88 |
The addition of 5 million shares to the repurchase plan allows the company to buy back 15 million shares of stock.
Based on Friday's closing price of $24.86, it would cost Jack Henry $124.3 million to buy 5 million shares of common stock.
Any repurchases will be financed with available cash or an existing credit facility.
Jack Henry had about 87.4 million shares outstanding as of Jan. 29.
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