Bath Savings Trust Co buys $4,339,407 stake in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Bath Savings Trust Co scooped up 2,730 additional shares in Jack Henry & Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 51,820 shares of Jack Henry & Associates which is valued at $4,339,407.Jack Henry & Associates makes up approximately 1.37% of Bath Savings Trust Co’s portfolio.

Jack Henry & Associates closed down -1.45 points or -1.70% at $83.95 with 4,89,109 shares getting traded on Tuesday. Post opening the session at $85.38, the shares hit an intraday low of $83.77 and an intraday high of $85.715 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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