Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) COO Christopher L. Fowler sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $31.29, for a total transaction of $31,290.00. Following the transaction, the chief operating officer now owns 52,634 shares in the company, valued at approximately $1,646,917.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
CPSI traded down $2.07 on Thursday, hitting $29.63. 3,230 shares of the company’s stock traded hands, compared to its average volume of 91,330. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.59. Computer Programs and Systems, Inc. has a one year low of $26.11 and a one year high of $37.62. The company’s 50 day simple moving average is $32.45 and its 200-day simple moving average is $31.11. The firm has a market cap of $437.46 million, a price-to-earnings ratio of 20.72, a P/E/G ratio of 0.85 and a beta of 0.68.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $77.87 million for the quarter, compared to the consensus estimate of $74.98 million. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, equities analysts anticipate that Computer Programs and Systems, Inc. will post 2.54 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Computer Programs and Systems in the 1st quarter valued at about $25,000. Captrust Financial Advisors grew its position in Computer Programs and Systems by 95.8% during the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after purchasing an additional 574 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Computer Programs and Systems by 252.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $88,000 after purchasing an additional 2,151 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Computer Programs and Systems by 775.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company’s stock valued at $154,000 after acquiring an additional 3,962 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Computer Programs and Systems by 9.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,639 shares of the company’s stock valued at $165,000 after acquiring an additional 481 shares in the last quarter. 87.05% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on CPSI. StockNews.com lowered shares of Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 3rd. SVB Leerink raised their price target on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Computer Programs and Systems from $39.00 to $43.00 in a report on Thursday, May 5th.
About Computer Programs and Systems (Get Rating)
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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