Computer Programs and Systems, Inc. (CPSI) EVP Sells $122,029.16 in Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSI) EVP Victor S. Schneider sold 4,124 shares of Computer Programs and Systems stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $29.59, for a total value of $122,029.16. Following the transaction, the executive vice president now owns 53,323 shares of the company’s stock, valued at $1,577,827.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CPSI stock opened at $29.55 on Monday. The firm has a market cap of $416.24, a PE ratio of 22.22, a PEG ratio of 1.65 and a beta of 0.07. 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 and Systems, Inc. has a 52 week low of $26.05 and a 52 week high of $36.15.

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Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Computer Programs and Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. analysts forecast that Computer Programs and Systems, Inc. will post 1.68 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Computer Programs and Systems during the 4th quarter worth $176,000. Millennium Management LLC boosted its position in 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 worth $9,175,000 after purchasing an additional 298,378 shares during the period. Raymond James & Associates boosted its position 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 period. Robecosam AG purchased a new stake in Computer Programs and Systems during the 4th quarter worth $128,000. Finally, Guggenheim Capital LLC boosted its position 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 period. 90.64% of the stock is owned by hedge funds and other institutional investors.

CPSI has been the subject of several analyst reports. BidaskClub downgraded Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Citigroup initiated coverage on Computer Programs and Systems in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. KeyCorp reiterated a “sell” rating and issued a $23.00 price target on shares of Computer Programs and Systems in a report on Wednesday, January 31st. Finally, Cantor Fitzgerald restated a “hold” rating and set a $32.00 price objective on shares of Computer Programs and Systems in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Computer Programs and Systems presently has a consensus rating of “Hold” and an average price target of $31.33.

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Computer Programs and 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.

Insider Buying and Selling by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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