Cardinal Capital Management buys $806,764 stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Cardinal Capital Management scooped up 616 additional shares in Jack Henry & Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 9,853 shares of Jack Henry & Associates which is valued at $806,764.Jack Henry & Associates makes up approximately 0.33% of Cardinal Capital Management’s portfolio.

Jack Henry & Associates closed down -0.1 points or -0.12% at $82.13 with 3,42,776 shares getting traded on Wednesday. Post opening the session at $82.09, the shares hit an intraday low of $81.298 and an intraday high of $82.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in JKHY by selling 450 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 22,590 shares of JKHY which is valued at $1,849,669. Jack Henry & Associates makes up approx 0.28% of Legacy Private Trust’s portfolio.Boston Advisors boosted its stake in JKHY in the latest quarter, The investment management firm added 709 additional shares and now holds a total of 26,644 shares of Jack Henry & Associates which is valued at $2,181,611. Jack Henry & Associates makes up approx 0.05% of Boston Advisors’s portfolio.Sterling Investment Advisors Adv boosted its stake in JKHY in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 3,365 shares of Jack Henry & Associates which is valued at $275,526. Jack Henry & Associates makes up approx 0.29% of Sterling Investment Advisors Adv’s portfolio.New York State Teachers Retirement System reduced its stake in JKHY by selling 100 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 145,441 shares of JKHY which is valued at $11,908,709. Jack Henry & Associates makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.Bath Savings Trust Co boosted its stake in JKHY in the latest quarter, The investment management firm added 7,385 additional shares and now holds a total of 47,065 shares of Jack Henry & Associates which is valued at $3,878,627. Jack Henry & Associates makes up approx 1.24% of Bath Savings Trust Co’s portfolio.

On the company’s financial health, Jack Henry & Associates reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.67. The company had revenue of $332.90 million for the quarter, compared to analysts expectations of $330.98 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Jack Henry & Associates Inc. (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company operates in two segments: bank systems and services and credit union systems and services. The Company’s array of products and services include processing transactions automating business processes and managing information for around 10900 financial institutions and diverse corporate entities. JHA provides its products and services through three business brands: Jack Henry Banking Symitar and ProfitStars. Its software systems operate on a range of hardware platforms. The Company sells the IBM Power Systems; Lenovo servers and workstations; Dell servers and workstations; Burroughs RDM Panini Digital Check Canon check scanners and other devices that complement its software solutions.

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