Simmons Bank Lowers stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Simmons Bank 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 1,032,170 shares of Jack Henry & Associates which is valued at $90,861,925 after selling 5,000 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Jack Henry & Associates makes up approximately 10.13% of Simmons Bank’s portfolio.

Other Hedge Funds, Including , Seven Bridges Advisors boosted its stake in JKHY in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 3,897 shares of Jack Henry & Associates which is valued at $349,093. Jack Henry & Associates makes up approx 0.29% of Seven Bridges Advisors’s portfolio.

Jack Henry & Associates closed down -0.9 points or -1.01% at $88.08 with 2,19,872 shares getting traded on Monday. Post opening the session at $88.85, the shares hit an intraday low of $87.9601 and an intraday high of $88.88 and the price fluctuated in this range throughout the day.Shares ended Monday 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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