BuybackMay 12, 2026, 11:26 AM
Jack Henry Adds 5 Million Shares to Buyback Authorization
AI Summary
Jack Henry & Associates' Board of Directors approved an increase of 5.0 million shares to its existing stock repurchase authorization, bringing the total current authorization to 6.4 million shares. The company has already repurchased over 2 million shares in fiscal year 2026. This move reflects the company's resilient cash flow and commitment to generating shareholder value, financed by available cash or short-term borrowings.
Key Highlights
- Jack Henry's Board approved adding 5.0 million shares to its stock repurchase authorization.
- The total current stock repurchase authorization now stands at 6.4 million shares.
- The existing authorization had 1.4 million shares remaining prior to the increase.
- Jack Henry has repurchased over 2 million shares in fiscal year 2026.
- Repurchases will be financed with available cash reserves or short-term borrowings.