Wasatch Advisors Inc. lifted its position in Computer Programs and Systems, Inc. (NASDAQ:CPSI) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,186 shares of the company’s stock after acquiring an additional 35,000 shares during the period. Wasatch Advisors Inc. owned 1.08% of Computer Programs and Systems worth $4,379,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. bought a new position in shares of Computer Programs and Systems in the 3rd quarter worth approximately $227,000. Bank of New York Mellon Corp raised its position in shares of Computer Programs and Systems by 10.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock worth $7,819,000 after acquiring an additional 25,106 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Computer Programs and Systems by 57.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock worth $177,000 after acquiring an additional 2,183 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Computer Programs and Systems by 1,849.3% in the 3rd quarter. Bessemer Group Inc. now owns 22,241 shares of the company’s stock worth $658,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Computer Programs and Systems by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 84,027 shares of the company’s stock worth $2,483,000 after acquiring an additional 2,692 shares in the last quarter. 97.27% of the stock is owned by hedge funds and other institutional investors.

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CPSI has been the subject of several research reports. Robert W. Baird reissued a “hold” rating and issued a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. Zacks Investment Research lowered Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $28.00 price objective on shares of Computer Programs and Systems in a research report on Tuesday, September 26th. BidaskClub raised Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.50.

In other news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total value of $90,090.00. Following the transaction, the insider now directly owns 58,568 shares in the company, valued at approximately $1,758,797.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glenn Tobin purchased 3,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $29.38 per share, for a total transaction of $102,830.00. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Shares of Computer Programs and Systems, Inc. (NASDAQ CPSI) opened at $30.20 on Friday. The company has a market capitalization of $415.44, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.20 and a beta of 0.12. Computer Programs and Systems, Inc. has a fifty-two week low of $21.60 and a fifty-two week high of $36.15. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 15th. Computer Programs and Systems’s payout ratio is 88.89%.

Computer Programs and Systems 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).

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

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