May 12, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares over potential securities laws violations by Jack Henry & Associates and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Jack Henry & Associates, Inc. (NASDAQ:JKHY) concerning whether a series of statements by Jack Henry & Associates regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Jack Henry & Associates, Inc. reported that its Total Revenue rose from $966.90 million for the 12 months period that ended on June 30, 2011 to over $1.21 billion for the 12 months period that ended on June 30, 2014 and that its respective Net Income rose from $137.47 million to $201.14 million. Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) grew from $32.54 per share in May 2012 to as high as $70.09 per share in ealry April 2015.

On May 6, 2015, Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced third quarter fiscal 2015 results and that previously filed financial statements will be restated due to the thorough review of revenue recognition practices as described in more detail below. Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) declined on May 7, 2015, to as low as $60.10 per share.