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Jack Henry execs sell millions in shares

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As the company’s stock hit multiple new 52-week highs this month, three executives of Jack Henry & Associates Inc. (Nasdaq: JKHY) responded by selling shares.

The largest sale was conducted by Chief Financial Officer Kevin Williams, who on Feb. 12 sold 9,453 shares for nearly $1.6 million. Following the sale, he owned 26,100 direct shares in the Monett-based financial software firm, according to a U.S. Securities and Exchange Commission filing.

Jack Henry President and CEO David Foss and Chief Operating Officer Gregory Adelson also conducted recent trades. Both utilized SEC transaction code M, through which company executives can buy shares at set rates and sell them later at market prices, and code F, which is used as “payment of exercise price or tax liability,” according to SEC.gov.

Foss acquired 10,000 shares using code M on Feb. 11 and then sold them in two different ways. Foss on Feb. 11 sold 7,090 shares worth $1.2 million under code F, according to SEC.gov. The remaining 2,910 shares were sold on Feb. 12 for $485,984 in a traditional sale, according to an SEC filing.

Adelson acquired 1,200 shares on Feb. 9 utilizing code M. That same day, he sold 580 shares under code F in a deal valued at $95,868, according to a separate SEC filing.

Jack Henry’s stock hit a 52-week high of $164.84 on Feb. 5 after the release of the company’s fiscal 2020 second quarter earnings report. JKHY shares have since hit six new 52-week highs, most recently $172.18 on Feb. 14.

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