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Jack Henry CTO sells thousands of shares

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The chief technology officer of Jack Henry & Associates (Nasdaq: JKHY) recently sold thousands of company shares, officials disclosed yesterday in a U.S. Securities and Exchange Commission filing.

Mark Forbis, who also was promoted to executive vice president this summer, on Dec. 10 sold 3,000 shares at $134.90 apiece for a gain of $404,723. 

The stock sale followed trades on Dec. 4-5, when he gifted 110 shares worth $15,311, according to the SEC filing. The recipients of the gifts were not disclosed.

Following the transactions, Forbis continued to hold 1,963 company shares directly and another 15,598 indirectly in his 401(k).

Forbis was among six officers this summer who received promotions at the Monett-based financial software firm, according to past Springfield Business Journal reporting.

The company’s CTO since 2006, Forbis earned total compensation of $981,194 for Jack Henry’s fiscal year that ended June 30, 2018, according to a proxy statement filed with the SEC in October.

Jack Henry most recently reported fiscal 2019 first-quarter earnings of $83.6 million, a 25 percent increase compared with the same period a year earlier.

JKHY shares were trading at $136.96 as of 9:54 a.m., compared with a 52-week range of $112.78 to $163.68.


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