Court Place Advisors Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Court Place Advisors reduced its stake in Jack Henry & Associates by 0.26% during the most recent quarter end. The investment management company now holds a total of 96,812 shares of Jack Henry & Associates which is valued at $8,093,483 after selling 249 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on May 2, 2016.Jack Henry & Associates makes up approximately 5.02% of Court Place Advisors’s portfolio.

Jack Henry & Associates opened for trading at $82.69 and hit $83.81 on the upside on Friday, eventually ending the session at $83.6, with a gain of 0.95% or 0.79 points. The heightened volatility saw the trading volume jump to 3,60,573 shares. Company has a market cap of $6,593 M.

Other Hedge Funds, Including , Checchi Capital Advisers added JKHY to its portfolio by purchasing 663 company shares during the most recent quarter which is valued at $55,427. Jack Henry & Associates makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in JKHY in the latest quarter, The investment management firm added 36,490 additional shares and now holds a total of 200,960 shares of Jack Henry & Associates which is valued at $16,283,789. Jack Henry & Associates makes up approx 0.38% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Metlife Securities Inc reduced its stake in JKHY by selling 90 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 1,168 shares of JKHY which is valued at $95,636.Cardinal Capital Management boosted its stake in JKHY in the latest quarter, The investment management firm added 616 additional shares and now holds a total of 9,853 shares of Jack Henry & Associates which is valued at $806,764. Jack Henry & Associates makes up approx 0.33% of Cardinal Capital Management’s portfolio.First Quadrant L Pca reduced its stake in JKHY by selling 711 shares or 83.16% in the most recent quarter. The Hedge Fund company now holds 144 shares of JKHY which is valued at $11,791.

On the company’s financial health, Jack Henry & Associates reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.67. The company had revenue of $333.20 million for the quarter, compared to analysts expectations of $326.42 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 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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