Computer Programs and Systems, Inc. (NASDAQ:CPSI) Director Glenn Tobin acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $29.38 per share, for a total transaction of $102,830.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) traded up $0.05 on Tuesday, reaching $29.40. The company’s stock had a trading volume of 93,698 shares, compared to its average volume of 107,599. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. Computer Programs and Systems, Inc. has a 52-week low of $21.60 and a 52-week high of $36.15. The company has a market cap of $403.06, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.12.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Computer Programs and Systems had a net margin of 2.32% and a return on equity of 10.01%. The business had revenue of $67.11 million during the quarter, compared to the consensus estimate of $68.68 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. sell-side analysts forecast that Computer Programs and Systems, Inc. will post 1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.40 annualized dividend and a yield of 1.36%. Computer Programs and Systems’s payout ratio is 88.89%.

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Several equities analysts recently commented on CPSI shares. BidaskClub upgraded Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird restated a “hold” rating and set a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. Cantor Fitzgerald restated a “hold” rating and set a $28.00 target price on shares of Computer Programs and Systems in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $32.00 target price (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.50.

A number of institutional investors and hedge funds have recently modified their holdings of CPSI. Vanguard Group Inc. raised its position in Computer Programs and Systems by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock valued at $32,077,000 after purchasing an additional 75,815 shares during the last quarter. Hamilton Lane Advisors LLC bought a new position in Computer Programs and Systems in the 2nd quarter valued at $2,462,000. Kennedy Capital Management Inc. raised its position in Computer Programs and Systems by 35.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after purchasing an additional 59,807 shares during the last quarter. JPMorgan Chase & Co. raised its position in Computer Programs and Systems by 502.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock valued at $1,913,000 after purchasing an additional 48,636 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its position in Computer Programs and Systems by 71.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 113,186 shares of the company’s stock valued at $3,713,000 after purchasing an additional 47,000 shares during the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Computer Programs and Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

Insider Buying and Selling by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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