Jack Henry & Associates (JKHY) said Tuesday its board increased the company's stock repurchase authorization by 5 million shares, bringing the total current authorization to 6.4 million shares.
The company said it plans to finance the buybacks with cash reserves or short-term borrowings under its existing credit facility.
Shares of Jack Henry & Associates were up nearly 2% in Tuesday trading.
Price: 146.46, Change: +2.81, Percent Change: +1.95
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