Sterling Investment Advisors Adv Exits Position in Jack Henry & Associates (JKHY)

Jack Henry & Associates (JKHY) : Sterling Investment Advisors Adv has sold out all of its stake in Jack Henry & Associates during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 3,375 shares of Jack Henry & Associates which is valued at $277,459.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in JKHY in the latest quarter, The investment management firm added 378 additional shares and now holds a total of 1,546 shares of Jack Henry & Associates which is valued at $127,097. Genesee Valley Trust Co added JKHY to its portfolio by purchasing 3,240 company shares during the most recent quarter which is valued at $263,412. Jack Henry & Associates makes up approx 0.17% of Genesee Valley Trust Co’s portfolio. Simplex Trading sold out all of its stake in JKHY during the most recent quarter. The investment firm sold 271 shares of JKHY which is valued $22,539.Bath Savings Trust Co boosted its stake in JKHY in the latest quarter, The investment management firm added 2,730 additional shares and now holds a total of 51,820 shares of Jack Henry & Associates which is valued at $4,339,407. Jack Henry & Associates makes up approx 1.37% of Bath Savings Trust Co’s portfolio.

Jack Henry & Associates closed down -1.9 points or -2.28% at $81.3 with 4,47,336 shares getting traded on Tuesday. Post opening the session at $82.95, the shares hit an intraday low of $81.11 and an intraday high of $83.015 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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