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 Video: What is a Stock Split?
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| Jack Henry & Associates, Inc. is a financial technology company with four segments: Core, Payments, Complementary, and Corporate and Other. The Core segment offers information processing platforms for banks and credit unions, loan, and general ledger transactions, and maintaining customer/member information. The Payments segment provides secure payment processing tools, including ATM, debit, and credit card services, online/mobile bill pay, remote deposit capture, and risk management. The Complementary segment offers additional software and services like digital banking, treasury services, online account opening, fraud/AML, and lending/deposit solutions integrated with core platforms. According to our Jack Henry and Associates stock split history records, Jack Henry and Associates has had 6 splits. | |
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Jack Henry and Associates (JKHY) has 6 splits in our Jack Henry and Associates stock split history database. The first split for JKHY took place on March 04, 1992. This was a 3 for 2
split, meaning for each 2
shares of JKHY owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. JKHY's second split took place on March 09, 1993. This was a 3 for 2
split, meaning for each 2
shares of JKHY owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. JKHY's third split took place on March 11, 1994. This was a 4 for 3
split, meaning for each 3
shares of JKHY owned pre-split, the shareholder now owned 4 shares. For example, a 2250 share position pre-split, became a 3000 share position following the split. JKHY's 4th split took place on March 14, 1997. This was a 3 for 2
split, meaning for each 2
shares of JKHY owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. JKHY's 5th split took place on March 03, 2000. This was a 2 for 1
split, meaning for each share of JKHY owned pre-split, the shareholder now owned 2 shares. For example, a 4500 share position pre-split, became a 9000 share position following the split. JKHY's 6th split took place on March 05, 2001. This was a 2 for 1 split, meaning for each share of JKHY owned pre-split, the shareholder now owned 2 shares. For example, a 9000 share position pre-split, became a 18000 share position following the split.
When a company such as Jack Henry and Associates splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Jack Henry and Associates stock split history from start to finish, an original position size of 1000 shares would have turned into 18000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Jack Henry and Associates shares, starting with a $10,000 purchase of JKHY, presented on a split-history-adjusted basis factoring in the complete Jack Henry and Associates stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$61.51 |
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| End price/share: |
$177.27 |
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| Starting shares: |
162.58 |
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| Ending shares: |
183.49 |
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| Dividends reinvested/share: |
$16.24 |
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| Total return: |
225.27% |
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| Average Annual Total Return: |
12.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,512.58 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$61.51 |
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| End price/share: |
$177.27 |
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| Dividends collected/share: |
$16.24 |
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| Total return: |
214.60% |
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| Average Annual Total Return: |
12.14% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,458.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/04/1992 | 3 for 2
| | 03/09/1993 | 3 for 2
| | 03/11/1994 | 4 for 3
| | 03/14/1997 | 3 for 2
| | 03/03/2000 | 2 for 1
| | 03/05/2001 | 2 for 1 |
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