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

Jack Henry & Associates (JKHY) : Trimtabs Asset Management reduced its stake in Jack Henry & Associates by 10.4% during the most recent quarter end. The investment management company now holds a total of 20,050 shares of Jack Henry & Associates which is valued at $1,765,002 after selling 2,327 shares in Jack Henry & Associates , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Jack Henry & Associates makes up approximately 1.10% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Kalos Management reduced its stake in JKHY by selling 1,582 shares or 16.27% in the most recent quarter. The Hedge Fund company now holds 8,144 shares of JKHY which is valued at $716,916. Jack Henry & Associates makes up approx 0.54% of Kalos Management’s portfolio.Penobscot Investment Management Company boosted its stake in JKHY in the latest quarter, The investment management firm added 603 additional shares and now holds a total of 5,666 shares of Jack Henry & Associates which is valued at $505,691. Jack Henry & Associates makes up approx 0.18% of Penobscot Investment Management Company’s portfolio.Park Avenue Securities boosted its stake in JKHY in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 3,887 shares of Jack Henry & Associates which is valued at $348,197. Jack Henry & Associates makes up approx 0.06% of Park Avenue Securities’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.Mai Capital Management reduced its stake in JKHY by selling 1,530 shares or 12.68% in the most recent quarter. The Hedge Fund company now holds 10,541 shares of JKHY which is valued at $922,127. Jack Henry & Associates makes up approx 0.07% of Mai Capital Management’s portfolio.

Jack Henry & Associates opened for trading at $88.45 and hit $89.0899 on the upside on Thursday, eventually ending the session at $88.33, with a gain of 0.34% or 0.3 points. The heightened volatility saw the trading volume jump to 2,85,208 shares. Company has a market cap of $6,968 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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