Neumeier Poma Investment Counsel buys $22.5 Million stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Neumeier Poma Investment Counsel scooped up 23,690 additional shares in Jack Henry & Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 269,010 shares of Jack Henry & Associates which is valued at $22.5 Million.Jack Henry & Associates makes up approximately 3.70% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Eulav Asset Management boosted its stake in JKHY in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 22,800 shares of Jack Henry & Associates which is valued at $1.9 Million. Jack Henry & Associates makes up approx 0.11% of Eulav Asset Management’s portfolio.Nationwide Fund Advisors boosted its stake in JKHY in the latest quarter, The investment management firm added 2,118 additional shares and now holds a total of 130,227 shares of Jack Henry & Associates which is valued at $10.9 Million. Jack Henry & Associates makes up approx 0.05% of Nationwide Fund Advisors’s portfolio.Goss Wealth Management boosted its stake in JKHY in the latest quarter, The investment management firm added 2,242 additional shares and now holds a total of 38,191 shares of Jack Henry & Associates which is valued at $3.1 Million. Jack Henry & Associates makes up approx 2.61% of Goss Wealth Management’s portfolio.Quadrant Capital Group reduced its stake in JKHY by selling 53 shares or 17.67% in the most recent quarter. The Hedge Fund company now holds 247 shares of JKHY which is valued at $20,014. Jack Henry & Associates makes up approx 0.01% of Quadrant Capital Group’s portfolio.

Jack Henry & Associates opened for trading at $83.34 and hit $83.54 on the upside on Friday, eventually ending the session at $83.06, with a gain of 0.25% or 0.21 points. The heightened volatility saw the trading volume jump to 4,34,891 shares. Company has a market cap of $6,552,188 M.

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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