Jack Henry & Associates Adds Five Million Shares to Stock Repurchase Authorization

Jack Henry (Nasdaq: JKHY) increased its stock repurchase authorization by 5.0 million shares, raising the current authorization to 6.4 million shares from 1.4 million.

Rhea-AI Summary

Jack Henry (Nasdaq: JKHY) increased its stock repurchase authorization by 5.0 million shares, raising the current authorization to 6.4 million shares from 1.4 million. Thus far in fiscal 2026, the company has repurchased just over 2 million shares.

Repurchases will be funded with cash reserves or short-term borrowings on an existing credit facility. The program, initially approved in 2002 and raised seven times previously, has no set price targets or timetable and can be suspended at any time.

Positive

• Share repurchase authorization increased by 5.0 million shares to 6.4 million
• Over 2 million shares repurchased so far in fiscal 2026
• Repurchases funded by available cash reserves or existing credit facility
• Long-running buyback program expanded on seven previous occasions
• Management cites resilient cash flow and confidence in operations

Negative

• Use of short-term borrowings may increase financial leverage
• Repurchase program has no defined timetable or price targets
• Program may be suspended at any time, reducing buyback visibility

Argus May 12 session

+0.75% close to close Open Argus

Details

News Market Reaction – JKHY

On May 12, the day this news came out, JKHY closed 0.75% above the previous close.

Data tracked by StockTitan Argus for the May 12 session.

Market Context

This announcement highlighted a sizeable expansion of Jack Henry’s share repurchase authorization to...

Analysis

This announcement highlighted a sizeable expansion of Jack Henry’s share repurchase authorization to 6.4M shares, signaling ongoing use of strong cash generation and a new $1.0B credit facility to return capital. Set against recent filings showing robust revenue, EPS, and cash flow growth, the buyback underlined management’s confidence. Investors may focus on the pace of repurchases, leverage levels, and how capital returns balance with continued technology investment.

Key Figures

Added authorization: 5.0 million shares Prior remaining authorization: 1.4 million shares Total current authorization: 6.4 million shares +5 more

Added authorization

5.0 million shares

Incremental shares added to repurchase authorization

Prior remaining authorization

1.4 million shares

Shares remaining before increase

Total current authorization

6.4 million shares

Shares authorized for repurchase after increase

FY26 repurchases

just over 2 million shares

Shares repurchased thus far in fiscal 2026

Credit facility capacity

$1.0 billion

Revolving credit facility referenced in recent 10-Q and 8-K

Outstanding credit facility debt

$90.0 million

Debt drawn on revolver as of recent filings

Operating cash flow

$459.3 million

First nine months of fiscal 2026 (10-Q disclosure)

Share repurchases YTD

$284.4 million

First nine months of fiscal 2026 (10-Q disclosure)

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Q3 2026 earnings

   24h Move

   -4.3%

   Strong revenue and EPS growth with raised full-year GAAP EPS guidance.

2. May 04

   Fintech integration pact

   24h Move

   -1.0%

   Prismm joins Fintech Integration Network, expanding ecosystem connectivity.

3. Apr 28

   Deconversion revenue update

   24h Move

   +0.6%

   Reported $18.7M deconversion revenue and raised FY26 estimate to $37M.

4. Apr 28

   Client survey results

   24h Move

   +1.2%

   Survey showed 88% of clients plan higher tech budgets and strong AI focus.

5. Apr 22

   Earnings call webcast

   24h Move

   -0.6%

   Announced webcast timing for Q3 FY26 earnings call and related releases.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock repurchase authorization, share repurchase program, credit facility

3 terms

stock repurchase authorization financial

"increased the company's remaining 1.4 million share stock repurchase authorization by another"

A stock repurchase authorization is board approval for a company to buy back its own shares up to a stated amount or time period, using its cash or borrowed funds. For investors it matters because reducing the number of shares outstanding can increase each remaining share’s claim on profits and often signals management’s confidence, but it also uses cash that could have been spent on other priorities — like shrinking a pie so each slice is bigger.

share repurchase program financial

"The share repurchase program does not include specific price targets or timetables"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

credit facility financial

"short-term borrowings on its existing credit facility."

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MONETT, Mo., May 12, 2026 /PRNewswire/ -- Jack Henry & Associates, Inc.^® (Nasdaq: JKHY) announced today that its Board of Directors increased the company's remaining 1.4 million share stock repurchase authorization by another 5.0 million shares, bringing the total current authorization to 6.4 million shares. Thus far in fiscal year 2026, which began July 1, 2025, Jack Henry has repurchased just over 2 million shares.

In October of 2002, the Board of Directors approved the current buyback program, which has been increased on seven previous occasions since that time as shares have been repurchased. The company will finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facility. All transactions will be executed in accordance with regulatory and exchange guidelines. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.

"With the recent tax legislation, we have returned to a resilient cash flow position, even with our continued investments focused on technology innovation," said Mimi Carsley, Chief Financial Officer & Treasurer with Jack Henry. "This increased share repurchase authorization is the result of our ongoing confidence in our operations and commitment to generating value for our shareholders."

About Jack Henry & Associates, Inc.^®
Jack Henry^® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-henry--associates-adds-five-million-shares-to-stock-repurchase-authorization-302769155.html

SOURCE Jack Henry & Associates, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jack Henry (Nasdaq: JKHY) announce about its stock repurchase authorization on May 12, 2026?

Jack Henry announced its Board increased the stock repurchase authorization by 5.0 million shares, bringing the current authorization to 6.4 million shares. According to the company, this expands the remaining capacity beyond the prior 1.4 million authorized shares.

How many Jack Henry (JKHY) shares are currently authorized for repurchase after the May 2026 increase?

After the increase, Jack Henry has authorization to repurchase 6.4 million shares. According to the company, the Board added 5.0 million shares to the remaining 1.4 million shares in its long-standing buyback program approved in 2002.

How many Jack Henry (JKHY) shares have been repurchased in fiscal 2026 so far?

Jack Henry reports it has repurchased just over 2 million shares in fiscal 2026. According to the company, this activity occurred since the fiscal year began on July 1, 2025, under its ongoing stock repurchase program.

How will Jack Henry finance its expanded JKHY share repurchase program?

Jack Henry plans to fund share repurchases using available cash reserves or short-term borrowings on its existing credit facility. According to the company, all transactions will follow regulatory and exchange guidelines and can be adjusted as conditions change.

When did Jack Henry’s current stock buyback program start and how often has it increased?

The current Jack Henry stock repurchase program was approved in October 2002. According to the company, the authorization has now been increased on seven previous occasions, plus the latest 5.0 million share addition announced in May 2026.

What does the increased Jack Henry (JKHY) buyback authorization mean for shareholders?

The larger authorization allows Jack Henry to repurchase up to 6.4 million shares, potentially reducing shares outstanding over time. According to the company, this reflects confidence in operations and a commitment to generating shareholder value, supported by resilient cash flow.

Does Jack Henry’s May 2026 share repurchase authorization include price targets or a deadline?

Jack Henry’s share repurchase program includes no specific price targets or timetables. According to the company, the program may be suspended at any time, giving flexibility to adjust repurchase activity based on market and business conditions.