Teachers Advisors LLC raised its position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) by 2.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 40,729 shares of the company’s stock after buying an additional 987 shares during the period. Teachers Advisors LLC owned 0.30% of Computer Programs and Systems worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CPSI. Bank of New York Mellon Corp boosted its position in shares of Computer Programs and Systems by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 231,501 shares of the company’s stock worth $6,481,000 after buying an additional 12,313 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Computer Programs and Systems by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 230,253 shares of the company’s stock worth $6,447,000 after buying an additional 746 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Computer Programs and Systems by 3.3% in the first quarter. Principal Financial Group Inc. now owns 87,301 shares of the company’s stock worth $2,444,000 after buying an additional 2,776 shares during the last quarter. Millrace Asset Group Inc. acquired a new position in shares of Computer Programs and Systems during the first quarter worth approximately $2,016,000. Finally, Crawford Investment Counsel Inc. boosted its position in shares of Computer Programs and Systems by 13.8% in the first quarter. Crawford Investment Counsel Inc. now owns 69,097 shares of the company’s stock worth $1,935,000 after buying an additional 8,400 shares during the last quarter.

Computer Programs and Systems, Inc. (NASDAQ CPSI) traded up 1.35% during mid-day trading on Thursday, hitting $30.10. The stock had a trading volume of 23,430 shares. The stock’s 50-day moving average price is $30.57 and its 200-day moving average price is $29.78. Computer Programs and Systems, Inc. has a 12 month low of $18.25 and a 12 month high of $36.15. The stock has a market cap of $404.21 million, a price-to-earnings ratio of 77.58 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.05. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The company had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $69.56 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Computer Programs and Systems, Inc. will post $1.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.30 per share. This is a boost from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 4.04%. Computer Programs and Systems’s dividend payout ratio (DPR) is 300.00%.

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CPSI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Cantor Fitzgerald reiterated a “hold” rating and set a $24.00 price target on shares of Computer Programs and Systems in a research report on Friday, May 5th. ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub cut shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Dougherty & Co increased their price target on shares of Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.43.

In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $29.01, for a total transaction of $87,030.00. Following the completion of the sale, the insider now owns 61,568 shares of the company’s stock, valued at $1,786,087.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Christopher L. Fowler sold 1,663 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total value of $58,205.00. Following the sale, the chief operating officer now directly owns 32,982 shares of the company’s stock, valued at approximately $1,154,370. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,235 shares of company stock valued at $528,015. 3.70% of the stock is owned by insiders.

About Computer Programs and Systems

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).

Institutional Ownership by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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