Jack Prim

Jack Henry CEO appears on CNBC

Jeff Wells

Posted online June 11, 2007 | 11:00 pm

Jack Prim, the CEO of Monett-based Jack Henry & Associates, appeared on CNBC’s “Fast Money” Monday night and answered questions related to Wall Street’s surging interest in companies providing data processing for financial institutions.

The sector’s popularity and stock prices are growing following private equity firm Kohlberg Kravis Roberts’ purchase of First Data (NYSE: FDC) earlier this year. Shares of Jack Henry (Nasdaq: JKHY) closed Monday at $25.44, compared to a 52-week range of $17.40 to $26.75. The stock recorded the 52-week high June 1.

In response to a question about whether Jack Henry is a takeover target, Prim said selling is “not on our radar,” but acknowledged a lot of activity in the industry and added, “Never say never.”

All of the show’s traders said they like Jack Henry stock. Eric Bolling said he liked Jack Henry, but was more bullish on Western Union (NYSE: WU). Guy Adami and Pete Nijarian said they would recommend buying Jack Henry shares on any pull back. Jeff Macke said Jack Henry was a target for acquisition or selling some of its divisions.

A review of the segment is available at http://www.cnbc.com/id/19178595.[[In-content Ad]]