Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider John B. Douglas, Jr. sold 2,173 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $29.97, for a total transaction of $65,124.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Computer Programs & Systems, Inc. (NASDAQ:CPSI) traded up $0.45 on Wednesday, reaching $30.80. 73,899 shares of the company’s stock were exchanged, compared to its average volume of 73,452. Computer Programs & Systems, Inc. has a 12 month low of $25.40 and a 12 month high of $36.15. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The stock has a market cap of $413.49, a price-to-earnings ratio of -24.25, a PEG ratio of 1.79 and a beta of 0.09.
Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The company had revenue of $78.10 million during the quarter, compared to analyst estimates of $69.24 million. During the same period last year, the firm posted $0.35 EPS. Computer Programs & Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year. equities research analysts anticipate that Computer Programs & Systems, Inc. will post 1.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio is presently -31.50%.
Several equities analysts recently commented on the stock. Dougherty & Co reaffirmed a “buy” rating on shares of Computer Programs & Systems in a research report on Monday. Zacks Investment Research raised shares of Computer Programs & Systems from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. KeyCorp reaffirmed a “sell” rating and issued a $23.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, Citigroup assumed coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Two 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 a consensus target price of $31.33.
A number of institutional investors and hedge funds have recently bought and sold shares of CPSI. Dalton Greiner Hartman Maher & Co. raised its position in Computer Programs & Systems by 300.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 107,119 shares of the company’s stock worth $3,219,000 after buying an additional 80,382 shares during the last quarter. LSV Asset Management purchased a new position in Computer Programs & Systems during the 4th quarter worth approximately $1,691,000. Wasatch Advisors Inc. raised its position in Computer Programs & Systems by 35.0% during the 4th quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,010,000 after buying an additional 51,814 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Computer Programs & Systems by 51.3% during the 4th quarter. Kennedy Capital Management Inc. now owns 151,613 shares of the company’s stock worth $4,556,000 after purchasing an additional 51,393 shares during the period. Finally, AXA grew its stake in shares of Computer Programs & Systems by 125.1% during the 4th quarter. AXA now owns 88,900 shares of the company’s stock worth $2,671,000 after purchasing an additional 49,400 shares during the period. 96.21% of the stock is owned by institutional investors.
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Computer Programs & Systems Company 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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