Computer Programs and Systems, Inc. (NASDAQ:CPSI) insider Troy D. Rosser sold 9,497 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $30.27, for a total transaction of $287,474.19. Following the completion of the transaction, the insider now directly owns 35,421 shares of the company’s stock, valued at $1,072,193.67. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NASDAQ:CPSI traded down $0.25 on Friday, reaching $29.55. 75,202 shares of the company’s stock were exchanged, compared to its average volume of 91,901. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.38. The firm has a market capitalization of $416.24, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.07. Computer Programs and Systems, Inc. has a 52-week low of $26.05 and a 52-week high of $36.15.
Computer Programs and Systems (NASDAQ:CPSI) last posted 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 business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. Computer Programs and Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. analysts expect that Computer Programs and Systems, Inc. will post 1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, February 21st. Computer Programs and Systems’s dividend payout ratio (DPR) is 30.08%.
A number of research firms recently issued reports on CPSI. BidaskClub raised shares of Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 24th. Cantor Fitzgerald reissued a “hold” rating and issued a $32.00 price target on shares of Computer Programs and Systems in a research note on Thursday, February 8th. Dougherty & Co reissued a “buy” rating on shares of Computer Programs and Systems in a research note on Monday, February 12th. KeyCorp reissued a “sell” rating and issued a $23.00 price target on shares of Computer Programs and Systems in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.33.
Several institutional investors and hedge funds have recently bought and sold shares of CPSI. MetLife Investment Advisors LLC acquired a new stake in Computer Programs and Systems in the 4th quarter worth about $176,000. Millennium Management LLC raised its holdings in shares of Computer Programs and Systems by 4,285.2% during the 4th quarter. Millennium Management LLC now owns 305,341 shares of the company’s stock valued at $9,175,000 after buying an additional 298,378 shares during the period. Raymond James & Associates increased its holdings in Computer Programs and Systems by 43.4% during the 4th quarter. Raymond James & Associates now owns 11,017 shares of the company’s stock worth $331,000 after purchasing an additional 3,336 shares during the last quarter. Robecosam AG purchased a new stake in Computer Programs and Systems during the 4th quarter worth approximately $128,000. Finally, Guggenheim Capital LLC increased its holdings in Computer Programs and Systems by 36.5% during the 4th quarter. Guggenheim Capital LLC now owns 33,395 shares of the company’s stock worth $1,003,000 after purchasing an additional 8,934 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
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About Computer Programs and Systems
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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