Jack Henry & Associates Expands Stock Buyback Program with Additional Five Million Shares

Jack Henry & Associates Expands Stock Buyback Program

In a recent announcement made on May 12, 2026, Jack Henry & Associates, Inc.® (Nasdaq: JKHY) declared a significant increase in its stock repurchase program. The company's Board of Directors has decided to augment the existing stock repurchase authorization, which had previously allowed for 1.4 million shares, by an additional five million shares. This adjustment raises the overall total to an impressive 6.4 million shares available for repurchase.

So far, during the fiscal year 2026 that commenced on July 1, 2025, Jack Henry has successfully repurchased over 2 million shares. This strategic move aligns with the company's ongoing efforts to return value to its shareholders and reflect its robust performance and cash flow position in an evolving market landscape.

Historical Context of Stock Repurchase Program

Jack Henry's ongoing stock repurchase program was initially approved by the Board of Directors back in October 2002. Since its inception, the buyback initiative has seen several enhancements, with this latest five million share increase marking the eighth adjustment to the program. The company intends to finance the repurchases using its available cash reserves or by securing short-term borrowings under its existing credit facility. It's important to note that all transactions will adhere to regulatory and exchange guidelines, ensuring compliance throughout the process.

Comments from Leadership

Mimi Carsley, the Chief Financial Officer and Treasurer at Jack Henry, emphasized the positive implications of recent legislative changes on the company’s cash flow. She remarked, “With the recent tax legislation, we have returned to a resilient cash flow position, even with our continued investments focused on technology innovation.” This statement highlights the company’s confidence in its operational stability and growth potential, despite the challenging economic climate.

The enhanced stock repurchase authorization indicates Jack Henry’s commitment to generating value for its shareholders and reflects their belief in the company's long-term prospects. The company has built a reputation for prioritizing innovation and quality service in the financial technology sector, making strategic decisions that align with its mission to strengthen connections between financial institutions and their clients.

About Jack Henry & Associates, Inc.

Jack Henry & Associates is recognized as a prominent player in the financial technology industry. With a legacy of 50 years, the company provides cutting-edge technology solutions designed to empower approximately 7,400 clients, facilitating faster innovation and competitive differentiation in a dynamic market. Jack Henry is an S&P 500 company that fosters an environment of openness and collaboration, offering a rich ecosystem of modern capabilities while maintaining strong connections with leading fintech companies.

The company is committed to reducing barriers to financial health through its innovative technology solutions. As Jack Henry continues on its path of growth and expansion, this bold move in increasing its stock repurchase program may serve as a catalyst for attracting further investment interest as it continues to navigate the financial technology landscape.

For more information about Jack Henry & Associates and their endeavors, visit their official website at www.jackhenry.com.