Legacy Private Trust Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Legacy Private Trust reduced its stake in Jack Henry & Associates by 1.95% during the most recent quarter end. The investment management company now holds a total of 22,590 shares of Jack Henry & Associates which is valued at $1,849,669 after selling 450 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Jack Henry & Associates makes up approximately 0.28% of Legacy Private Trust’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 , Raymond James Trust N.a. added JKHY to its portfolio by purchasing 2,434 company shares during the most recent quarter which is valued at $199,296. Jack Henry & Associates makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Sigma Planning Corp added JKHY to its portfolio by purchasing 2,394 company shares during the most recent quarter which is valued at $196,021. Jack Henry & Associates makes up approx 0.03% of Sigma Planning Corp’s portfolio. Santa Fe Partners added JKHY to its portfolio by purchasing 25,954 company shares during the most recent quarter which is valued at $2,138,869. Jack Henry & Associates makes up approx 0.35% of Santa Fe Partners’s portfolio.Mai Capital Management reduced its stake in JKHY by selling 1,064 shares or 8.1% in the most recent quarter. The Hedge Fund company now holds 12,071 shares of JKHY which is valued at $997,789. Jack Henry & Associates makes up approx 0.08% of Mai Capital Management’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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