Copeland Capital Management Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Copeland Capital Management reduced its stake in Jack Henry & Associates by 33.94% during the most recent quarter end. The investment management company now holds a total of 397,769 shares of Jack Henry & Associates which is valued at $33,289,288 after selling 204,379 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on May 9, 2016.Jack Henry & Associates makes up approximately 2.35% of Copeland Capital Management’s portfolio.

Other Hedge Funds, Including , Cleary Gull Holdings added JKHY to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $334,760. Jack Henry & Associates makes up approx 0.23% of Cleary Gull Holdings’s portfolio.Tributary Capital Management boosted its stake in JKHY in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 27,200 shares of Jack Henry & Associates which is valued at $2,273,920. Jack Henry & Associates makes up approx 0.36% of Tributary Capital Management’s portfolio.American Century Companies Inc reduced its stake in JKHY by selling 8,318 shares or 61.44% in the most recent quarter. The Hedge Fund company now holds 5,220 shares of JKHY which is valued at $436,392.Seven Bridges Advisors reduced its stake in JKHY by selling 114 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 3,825 shares of JKHY which is valued at $319,770. Jack Henry & Associates makes up approx 0.26% of Seven Bridges Advisors’s portfolio.Whittier Trust Co boosted its stake in JKHY in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 27,218 shares of Jack Henry & Associates which is valued at $2,205,475. Jack Henry & Associates makes up approx 0.10% of Whittier Trust Co’s portfolio.

Jack Henry & Associates closed down -0.74 points or -0.88% at $83.69 with 3,37,899 shares getting traded on Friday. Post opening the session at $84.04, the shares hit an intraday low of $83.23 and an intraday high of $84.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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