Signalpoint Asset Management Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Signalpoint Asset Management reduced its stake in Jack Henry & Associates by 0.09% during the most recent quarter end. The investment management company now holds a total of 283,599 shares of Jack Henry & Associates which is valued at $22,980,027 after selling 267 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Jack Henry & Associates makes up approximately 9.88% of Signalpoint Asset Management’s portfolio.

Jack Henry & Associates opened for trading at $81.05 and hit $82.39 on the upside on Monday, eventually ending the session at $82.35, with a gain of 1.63% or 1.32 points. The heightened volatility saw the trading volume jump to 3,65,162 shares. Company has a market cap of $6,494 M.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in JKHY in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 18,016 shares of Jack Henry & Associates which is valued at $1,459,836. Jack Henry & Associates makes up approx 0.04% of Hl Financial Services’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. 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. Denali Advisors added JKHY to its portfolio by purchasing 21,400 company shares during the most recent quarter which is valued at $1,763,574. Jack Henry & Associates makes up approx 0.39% of Denali Advisors’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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