Court Place Advisors Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Court Place Advisors reduced its stake in Jack Henry & Associates by 0.48% during the most recent quarter end. The investment management company now holds a total of 96,348 shares of Jack Henry & Associates which is valued at $8,630,854 after selling 464 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Jack Henry & Associates makes up approximately 4.87% of Court Place Advisors’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in JKHY by selling 900 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 21,000 shares of JKHY which is valued at $1,881,180. Jack Henry & Associates makes up approx 0.10% of Louisiana State Employees Retirement System’s portfolio.Cwm boosted its stake in JKHY in the latest quarter, The investment management firm added 31,382 additional shares and now holds a total of 160,185 shares of Jack Henry & Associates which is valued at $14,110,697. Jack Henry & Associates makes up approx 0.99% of Cwm’s portfolio.Acadian Asset Management reduced its stake in JKHY by selling 264,928 shares or 26.64% in the most recent quarter. The Hedge Fund company now holds 729,412 shares of JKHY which is valued at $64,224,727. Jack Henry & Associates makes up approx 0.32% of Acadian Asset Management’s portfolio. Barometer Capital Management sold out all of its stake in JKHY during the most recent quarter. The investment firm sold 47,600 shares of JKHY which is valued $4,164,048.Denali Advisors boosted its stake in JKHY in the latest quarter, The investment management firm added 8,700 additional shares and now holds a total of 30,100 shares of Jack Henry & Associates which is valued at $2,633,148. Jack Henry & Associates makes up approx 0.44% of Denali Advisors’s portfolio.

Jack Henry & Associates opened for trading at $89.28 and hit $89.4 on the upside on Friday, eventually ending the session at $89.25, with a gain of 0.13% or 0.12 points. The heightened volatility saw the trading volume jump to 4,58,788 shares. Company has a market cap of $7,040 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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