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The Company's common stock is quoted on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “JKHY."
−Removed: The Company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time.
+Added: The Company established a practice of paying quarterly dividends in fiscal 1991 and has paid dividends with respect to every quarter since that time.
The declaration and payment of any future dividends will continue to be at the discretion of our Board of Directors and will depend upon, among other factors, our earnings, capital requirements, contractual restrictions, and operating and financial condition.
The Company does not currently foresee any changes in its dividend practices.
−Removed: On July 20, 2021, there were approximately 232,300 holders of the Company’s common stock, including individual participants in security position listings.
+Added: On August 15, 2022, there were approximately 271,813 holders of the Company’s common stock, including individual participants in security position listings.
Issuer Purchases of Equity Securities
8 unchanged sentences
Total — $ — — 3,947,713
−Removed: (1) 300,000 shares were purchased through a publicly announced repurchase plan.
−Removed: There were no shares surrendered to the Company to satisfy tax withholding obligations in connection with employee restricted stock awards.
(1) Total stock repurchase authorizations approved by the Company's Board of Directors as of May 17, 2021 were for 35.0 million shares, which includes an authorization on that date of an additional 5.0 million shares.
−Removed: These authorizations have no specific dollar or share price targets and no expiration dates.
+Added: Under these authorizations, the Company has repurchased and not re-issued 31,042,903 shares and has repurchased and re-issued 9,384 shares.
+Added: The authorizations have no specific dollar or share price targets and no expiration dates.
Performance Graph
−Removed: The following chart presents a comparison for the five-year period ended June 30, 2021, of the market performance of the Company’s common stock with the Standard & Poor's 500 ("S&P 500") Index and an index of peer companies selected by the Company.
+Added: The following chart presents a comparison for the five-year period ended June 30, 2022, of the market performance of the Company’s common stock with the Standard & Poor's 500 ("S&P 500") Index, the Standard & Poor's Composite 1500 Software & Services ("S&P 1500 Software & Services") Index, and a Peer Group of companies selected by the Company.
+Added: For comparisons in years following this five-year period ended June 30, 2022, JKHY will no longer present a comparison to the Peer Group of companies selected by the Company.
+Added: Management has determined that the S&P 1500 Software & Services index provides a more stable base of comparison to the Company's results than the peer group used historically and is less susceptible to outlier performances of individual companies.
+Added: Further, a large majority of the companies in the current peer group are also included in the S&P 1500 Software & Services index.
+Added: Comparisons to the S&P 500 and S&P 1500 Software & Services published indices only will be presented for the five-year period ended June 30, 2023 and ongoing periods.
Historic stock price performance is not necessarily indicative of future stock price performance.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
−Removed: Among Jack Henry & Associates, Inc., the S&P 500 Index, and a Peer Group
+Added: Among Jack Henry & Associates, Inc., the S&P 500 Index, the S&P 1500 Software & Services Index, and a Peer Group
The following information depicts a line graph with the following values:
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JKHY 100.00 127.02 131.92 183.21 164.64 183.26
−Removed: Peer Group 100.00 117.44 159.43 196.84 213.37 270.60
S&P 500 100.00 114.37 126.29 135.77 191.15 170.86
+Added: S&P Composite 1500 Software & Services 100.00 130.96 157.16 201.04 268.31 224.21
+Added: Peer Group 100.00 138.79 171.60 187.88 242.66 152.09
This comparison assumes $100 was invested on June 30, 2017 and assumes reinvestments of dividends.
−Removed: Total returns are calculated according to market capitalization of peer group members at the beginning of each period.
−Removed: Peer companies selected are in the business of providing specialized computer software, hardware and related services to financial institutions and other businesses.
−Removed: Companies in the 2021 fiscal peer group are ACI Worldwide Inc.;
+Added: For Peer Group members, total returns are calculated according to market capitalization at the beginning of each period.
+Added: Peer Group companies selected are in the business of providing specialized computer software, hardware and related services to financial institutions and other businesses.
+Added: Companies in the fiscal 2022 Peer Group are ACI
+Added: Worldwide Inc.;
Black Knight, Inc.;
−Removed: Bottomline Technologies (de) Inc.;
+Added: (formerly Square Inc.);
Broadridge Financial Solutions Inc.;
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Verint Systems Inc.;
−Removed: Cardtronics, plc and CoreLogic, Inc.
−Removed: were originally part of the fiscal 2021 peer group, but both were acquired in fiscal 2021.
−Removed: As a result, both companies were removed from the 2021 peer group and stock performance graph.
+Added: Bottomline Technologies (de) Inc., was originally part of the fiscal 2022 peer group, but was acquired in fiscal 2022 and was thus removed from the 2022 peer group and stock performance graph.
The stock performance graph shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.