November 29, 2016 - By Marie Mckinney · 0 Comments
Henry Jack & Associates Inc (NASDAQ:JKHY) institutional sentiment decreased to 0.98 in Q2 2016. Its down -0.16, from 1.14 in 2016Q1. The ratio is negative, as 168 funds increased or opened new positions, while 148 decreased and sold their positions in Henry Jack & Associates Inc. The funds in our partner’s database reported: 66.53 million shares, down from 67.61 million shares in 2016Q1. Also, the number of funds holding Henry Jack & Associates Inc in their top 10 positions decreased from 7 to 6 for a decrease of 1. Sold All: 24 Reduced: 124 Increased: 130 New Position: 38.
Jack Henry & Associates, Inc. is a provider of information processing solutions for community banks. The company has a market cap of $6.92 billion. The Firm offers a range of services and products, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It has a 27.07 P/E ratio. It operates in two divisions: bank systems and services and credit union systems and services (Credit Union).
About 261,009 shares traded hands. Jack Henry & Associates, Inc. (NASDAQ:JKHY) has risen 7.75% since April 26, 2016 and is uptrending. It has outperformed by 2.49% the S&P500.
Analysts await Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings on February, 7. They expect $0.74 earnings per share, 0.00% or $0.00 from last year’s $0.74 per share. JKHY’s profit will be $57.71 million for 29.98 P/E if the $0.74 EPS becomes a reality. After $0.79 actual earnings per share reported by Jack Henry & Associates, Inc. for the previous quarter, Wall Street now forecasts -6.33% negative EPS growth.
According to Zacks Investment Research, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition.”
Signalpoint Asset Management Llc holds 10.32% of its portfolio in Jack Henry & Associates, Inc. for 283,528 shares. Court Place Advisors Llc owns 96,348 shares or 4.89% of their US portfolio. Moreover, Neumeier Poma Investment Counsel Llc has 3.74% invested in the company for 271,010 shares. The Wisconsin-based Jacobson & Schmitt Advisors Llc has invested 3.2% in the stock. Rr Partners Lp, a New York-based fund reported 662,322 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 selling transactions for $3.00 million net activity.
Ratings analysis reveals 0 of Jack Henry’s analysts are positive. Out of 3 Wall Street analysts rating Jack Henry, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $69 while the high is $70. The stock’s average target of $69.50 is -21.67% below today’s ($88.73) share price. JKHY was included in 3 notes of analysts from August 27, 2015. The rating was maintained by Stephens on Thursday, August 27 with “Equal-Weight”. RBC Capital Markets maintained Jack Henry & Associates, Inc. (NASDAQ:JKHY) on Thursday, August 27 with “Sector Perform” rating. As per Wednesday, August 24, the company rating was downgraded by Oppenheimer.
Jack Henry & Associates, Inc., incorporated on October 4, 1985, is a well-known provider of information processing solutions for community banks. The Firm offers a range of services and products, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. The Firm operates in two divisions, which include bank systems and services (Bank) and credit union systems and services (Credit Union). The Firm provides its services and products through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three core software systems to banks and Symitar markets over two core software systems to credit unions. The Company’s subsidiaries include Jack Henry Services, Inc., Jack Henry Software/Commlink, Inc., Symitar Systems, Inc., Check Collect, Inc. and Bayside Business Solutions, Inc.
More notable recent Jack Henry & Associates, Inc. (NASDAQ:JKHY) news were published by: Prnewswire.com which released: “Jack Henry & Associates, Inc.® and Early Warning® Unveil Strategic Partnership” on November 29, 2016, also Reuters.com with their article: “BRIEF-Jack Henry & Associates, Inc. and early warning unveil strategic par…” published on November 29, 2016, Charlotteobserver.com published: “Midsize Companies – No. 3 – Jack Henry & Associates Inc.” on September 24, 2016. More interesting news about Jack Henry & Associates, Inc. (NASDAQ:JKHY) were released by: Prnewswire.com and their article: “Jack Henry & Associates Announces Regular Quarterly Dividend” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Jack Henry & Associates, Inc. to Elevate David Foss to CEO” with publication date: January 12, 2016.
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By Marie Mckinney