Robecosam AG bought a new position in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,353 shares of the company’s stock, valued at approximately $128,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in Computer Programs & Systems by 57.2% during the third quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock worth $177,000 after purchasing an additional 2,183 shares during the last quarter. Voya Investment Management LLC acquired a new position in Computer Programs & Systems during the second quarter worth $211,000. Macquarie Group Ltd. acquired a new position in Computer Programs & Systems during the third quarter worth $227,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Computer Programs & Systems during the third quarter worth $253,000. Finally, Arizona State Retirement System acquired a new position in Computer Programs & Systems during the fourth quarter worth $563,000. Institutional investors and hedge funds own 92.75% of the company’s stock.
Several research analysts recently commented on CPSI shares. Dougherty & Co restated a “buy” rating on shares of Computer Programs & Systems in a report on Monday, February 12th. Cantor Fitzgerald restated a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Citigroup initiated coverage on shares of Computer Programs & Systems in a report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, KeyCorp reiterated a “sell” rating and issued a $23.00 price target on shares of Computer Programs & Systems in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.33.
In other news, EVP Victor S. Schneider sold 1,695 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now directly owns 41,657 shares of the company’s stock, valued at $1,226,798.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John B. Douglas, Jr. sold 2,173 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $29.97, for a total transaction of $65,124.81. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.
Computer Programs & Systems, Inc. (NASDAQ:CPSI) opened at $30.20 on Wednesday. The firm has a market cap of $421.06, a PE ratio of -23.78, a PEG ratio of 1.72 and a beta of 0.08. Computer Programs & Systems, Inc. has a 1 year low of $25.95 and a 1 year high of $36.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.38.
Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $69.24 million. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. sell-side analysts predict that Computer Programs & Systems, Inc. will post 1.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Wednesday, February 21st. Computer Programs & Systems’s payout ratio is presently -31.50%.
About Computer Programs & 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).
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