Raymond James & Associates Lowers Stake in Computer Programs & Systems, Inc. (CPSI)

Raymond James & Associates reduced its stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 26.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,745 shares of the company’s stock after selling 19,806 shares during the period. Raymond James & Associates owned approximately 0.38% of Computer Programs & Systems worth $1,768,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. KBC Group NV acquired a new stake in shares of Computer Programs & Systems during the second quarter worth $170,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Computer Programs & Systems by 5.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,011 shares of the company’s stock worth $5,199,000 after buying an additional 7,522 shares during the period. Eqis Capital Management Inc. acquired a new position in Computer Programs & Systems during the second quarter valued at $434,000. Wasatch Advisors Inc. lifted its position in Computer Programs & Systems by 60.0% during the second quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock valued at $6,580,000 after purchasing an additional 75,000 shares during the period. Finally, Barclays PLC lifted its position in Computer Programs & Systems by 131.1% during the first quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after purchasing an additional 2,494 shares during the period. Institutional investors and hedge funds own 90.80% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. SunTrust Banks restated a “hold” rating and set a $30.00 target price on shares of Computer Programs & Systems in a research report on Thursday, August 9th. Robert W. Baird decreased their target price on shares of Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, August 7th. Finally, Piper Jaffray Companies decreased their target price on shares of Computer Programs & Systems to $29.00 and set a “neutral” rating for the company in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Computer Programs & Systems has a consensus rating of “Hold” and a consensus target price of $29.33.

NASDAQ CPSI opened at $26.43 on Friday. The firm has a market cap of $378.21 million, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.71 and a beta of -0.13. Computer Programs & Systems, Inc. has a 1 year low of $25.15 and a 1 year high of $34.65. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.69 and a quick ratio of 1.65.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). The business had revenue of $67.91 million for the quarter, compared to analyst estimates of $72.33 million. Computer Programs & Systems had a negative net margin of 5.27% and a positive return on equity of 13.62%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts predict that Computer Programs & Systems, Inc. will post 1.52 EPS for the current fiscal year.

Computer Programs & Systems Company Profile

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

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