Park Avenue Securities adds Jack Henry & Associates (JKHY) to its portfolio

Jack Henry & Associates (JKHY) : Park Avenue Securities added new position in Jack Henry & Associates during the most recent quarter end. The investment management firm now holds 3,711 shares of Jack Henry & Associates which is valued at $310,240 , the company said in a statement filed on May 2, 2016 with the SEC.Jack Henry & Associates makes up approximately 0.06% of Park Avenue Securities’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 , Shamrock Asset Management added JKHY to its portfolio by purchasing 6,424 company shares during the most recent quarter which is valued at $537,046. Jack Henry & Associates makes up approx 0.32% of Shamrock Asset Management’s portfolio.Huntington National Bank boosted its stake in JKHY in the latest quarter, The investment management firm added 546 additional shares and now holds a total of 4,285 shares of Jack Henry & Associates which is valued at $347,214. Jack Henry & Associates makes up approx 0.01% of Huntington National Bank’s portfolio.American Capital Management Inc reduced its stake in JKHY by selling 10,952 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 380,182 shares of JKHY which is valued at $30,806,147. Jack Henry & Associates makes up approx 2.79% of American Capital Management Inc’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.Next Financial Group Inc boosted its stake in JKHY in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 290 shares of Jack Henry & Associates which is valued at $23,745. Jack Henry & Associates makes up approx 0.01% of Next Financial Group Inc’s portfolio.

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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