Sterling Investment Advisors Adv buys $275,526 stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Sterling Investment Advisors Adv scooped up 11 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 20, 2016. The investment management firm now holds a total of 3,365 shares of Jack Henry & Associates which is valued at $275,526.Jack Henry & Associates makes up approximately 0.29% of Sterling Investment Advisors Adv’s portfolio.

Jack Henry & Associates closed down -0.22 points or -0.27% at $81.88 with 3,02,658 shares getting traded on Friday. Post opening the session at $82.05, the shares hit an intraday low of $81.26 and an intraday high of $82.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , 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.Dividend Asset Capital boosted its stake in JKHY in the latest quarter, The investment management firm added 38,940 additional shares and now holds a total of 456,164 shares of Jack Henry & Associates which is valued at $37,350,708. Jack Henry & Associates makes up approx 1.04% of Dividend Asset Capital’s portfolio.Leavell Investment Management boosted its stake in JKHY in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 11,146 shares of Jack Henry & Associates which is valued at $912,634. Jack Henry & Associates makes up approx 0.13% of Leavell Investment Management’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.Wunderlich Securities reduced its stake in JKHY by selling 219 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 4,847 shares of JKHY which is valued at $399,441. Jack Henry & Associates makes up approx 0.59% of Wunderlich Securities’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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