Kayne Anderson Rudnick Investment Management buys $163,832,852 stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Kayne Anderson Rudnick Investment Management scooped up 23,841 additional shares in Jack Henry & Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,860,046 shares of Jack Henry & Associates which is valued at $163,832,852.Jack Henry & Associates makes up approximately 2.41% of Kayne Anderson Rudnick Investment Management’s portfolio.

Other Hedge Funds, Including , Tributary Capital Management reduced its stake in JKHY by selling 3,600 shares or 13.24% in the most recent quarter. The Hedge Fund company now holds 23,600 shares of JKHY which is valued at $2,094,264. Jack Henry & Associates makes up approx 0.29% of Tributary Capital Management’s portfolio.Hanseatic Management Services Inc reduced its stake in JKHY by selling 2,820 shares or 9.59% in the most recent quarter. The Hedge Fund company now holds 26,572 shares of JKHY which is valued at $2,364,377. Jack Henry & Associates makes up approx 0.85% of Hanseatic Management Services Inc’s portfolio.Cambridge Trust Co reduced its stake in JKHY by selling 4,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of JKHY which is valued at $355,920. Jack Henry & Associates makes up approx 0.03% of Cambridge Trust Co’s portfolio.Signalpoint Asset Management reduced its stake in JKHY by selling 71 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 283,528 shares of JKHY which is valued at $25,304,874. Jack Henry & Associates makes up approx 10.21% of Signalpoint Asset Management’s portfolio.

Jack Henry & Associates closed down -2.46 points or -2.78% at $85.94 with 8,23,548 shares getting traded on Wednesday. Post opening the session at $87.3, the shares hit an intraday low of $85.26 and an intraday high of $87.3099 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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