Insider Selling: Computer Programs & Systems, Inc. (CPSI) COO Sells 1,500 Shares of Stock
Computer Programs & Systems, Inc. (NASDAQ:CPSI) COO Christopher L. Fowler sold 1,500 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $29.99, for a total value of $44,985.00. Following the transaction, the chief operating officer now owns 68,044 shares in the company, valued at $2,040,639.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of CPSI traded up $0.37 during trading hours on Monday, reaching $27.15. The stock had a trading volume of 3,708 shares, compared to its average volume of 133,798. Computer Programs & Systems, Inc. has a 12 month low of $23.81 and a 12 month high of $34.65. The company has a quick ratio of 1.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.73. The stock has a market cap of $384.72 million, a P/E ratio of 14.01, a P/E/G ratio of 1.65 and a beta of 0.25.
Computer Programs & Systems (NASDAQ:CPSI) last issued its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The firm had revenue of $69.14 million during the quarter, compared to the consensus estimate of $70.81 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Computer Programs & Systems’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts expect that Computer Programs & Systems, Inc. will post 1.58 EPS for the current year.
A number of equities analysts have issued reports on CPSI shares. ValuEngine cut Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. BidaskClub upgraded Computer Programs & Systems from a “hold” rating to a “buy” rating in a report on Monday, February 18th. Cantor Fitzgerald restated a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a report on Friday, May 3rd. Zacks Investment Research upgraded Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, January 29th. Finally, SunTrust Banks increased their price target on Computer Programs & Systems to $35.00 and gave the stock a “hold” rating in a report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.01.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Computer Programs & Systems by 3.8% in the 4th quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock worth $46,244,000 after purchasing an additional 67,161 shares in the last quarter. River Road Asset Management LLC raised its position in Computer Programs & Systems by 27.4% in the 4th quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock valued at $16,921,000 after buying an additional 144,857 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Computer Programs & Systems in the 4th quarter valued at $26,000. Millennium Management LLC purchased a new stake in Computer Programs & Systems in the 4th quarter valued at $9,872,000. Finally, Morgan Stanley raised its position in Computer Programs & Systems by 133.8% in the 1st quarter. Morgan Stanley now owns 206,116 shares of the company’s stock valued at $6,120,000 after buying an additional 117,964 shares during the last quarter. Institutional investors own 79.06% of the company’s stock.
About Computer Programs & Systems
Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.
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