Computer Programs & Systems, Inc. (NASDAQ:CPSI) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 15.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 181,509 shares of the company’s stock after purchasing an additional 24,623 shares during the quarter. Prudential Financial Inc.’s holdings in Computer Programs & Systems were worth $5,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPSI. BNP Paribas Arbitrage SA raised its position in Computer Programs & Systems by 216.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,561 shares of the company’s stock valued at $76,000 after purchasing an additional 1,752 shares during the period. SG Americas Securities LLC purchased a new stake in Computer Programs & Systems in the first quarter valued at $227,000. Texas Permanent School Fund purchased a new stake in Computer Programs & Systems in the first quarter valued at $241,000. GSA Capital Partners LLP raised its position in Computer Programs & Systems by 12.4% in the second quarter. GSA Capital Partners LLP now owns 9,564 shares of the company’s stock valued at $266,000 after purchasing an additional 1,052 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in Computer Programs & Systems in the first quarter valued at $290,000. 79.18% of the stock is currently owned by institutional investors.

Shares of CPSI stock traded up $0.14 on Friday, hitting $23.96. The stock had a trading volume of 18,238 shares, compared to its average volume of 120,363. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.55. The firm has a market capitalization of $345.40 million, a P/E ratio of 12.35, a P/E/G ratio of 2.32 and a beta of 0.53. Computer Programs & Systems, Inc. has a 1 year low of $20.72 and a 1 year high of $34.00. The company’s 50 day moving average price is $23.00 and its 200-day moving average price is $27.16.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.18. The firm had revenue of $66.16 million for the quarter, compared to the consensus estimate of $68.74 million. Computer Programs & Systems had a return on equity of 14.04% and a net margin of 6.66%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. On average, equities analysts forecast that Computer Programs & Systems, Inc. will post 0.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. Computer Programs & Systems’s dividend payout ratio is presently 20.62%.

A number of equities research analysts have commented on CPSI shares. Dougherty & Co upgraded Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday. SunTrust Banks reduced their target price on Computer Programs & Systems from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. TheStreet downgraded Computer Programs & Systems from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. ValuEngine upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.41.

In related news, SVP Troy D. Rosser sold 5,620 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $21.21, for a total value of $119,200.20. Following the sale, the senior vice president now owns 41,509 shares in the company, valued at approximately $880,405.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John B. Douglas, Jr. sold 2,605 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $28.28, for a total value of $73,669.40. Following the completion of the sale, the insider now owns 237,963 shares in the company, valued at approximately $6,729,593.64. The disclosure for this sale can be found here. Insiders sold a total of 10,830 shares of company stock worth $264,533 in the last quarter. Company insiders own 12.30% of the company’s stock.

Computer Programs & Systems 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 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.

Further Reading: Stochastic Momentum Index (SMI)

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

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