Maryland State Retirement & Pension System has purchased a new position in parts of Computer Programs and Systems, Inc. (NASDAQ: CPSI-Get Rating) in the 1st quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The company purchased 5,925 shares of the company’s stock, valued at approximately $ 204,000.
Other hedge funds also buy and sell shares in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Computer Programs and Systems by 252.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $ 88,000 after acquiring an additional 2,151 shares in the previous quarter. Adams Wealth Management increased its stake in Computer Programs and Systems by 37.2% during the fourth quarter. Adams Wealth Management now owns 15,917 shares of the company’s stock worth $ 466,000 after acquiring an additional 4,318 shares last quarter. Leavell Investment Management Inc. acquired a new stake in Computer Programs and Systems during the fourth quarter valued at $ 219,000. Thrivent Financial for Lutherans raised its stake in Computer Programs and Systems by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 11,840 shares of the company’s stock worth $ 420,000 after acquiring an additional 1,364 shares last quarter. Finally, Two Sigma Advisers LP increased its stake in Computer Programs and Systems by 579.3% in the third quarter. Two Sigma Advisers LP now owns 47,100 shares of the company’s stock worth $ 1,670,000 after acquiring an additional 40,166 shares last quarter. 87.05% of the stock is owned by institutional investors.
CPSI has been the subject of many recent analyst reports. Deutsche Bank Aktiengesellschaft raised their Computer Programs and Systems price target from $ 39.00 to $ 43.00 in a research note on Thursday, May 5. SVB Leerink raised their Computer Programs and Systems price target from $ 35.00 to at $ 38.00 and gave the company an “outperform” rating in a research note on Thursday, March 3rd. Finally, StockNews.com cut Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 17th.
Shares of the NASDAQ CPSI opened at $ 32.27 on Friday. Computer Programs and Systems, Inc. has a twelve -month minimum of $ 26.11 and a twelve -month high of $ 37.62. The company has a current ratio of 1.73, a quick fix ratio of 1.72 and a debt-to-equity ratio of 0.59. The stock has a fifty-day simple moving average of $ 32.09 and a 200-day simple moving average of $ 31.15. The stock has a market capitalization of $ 476.43 million, PE ratio of 21.27, PEG ratio of 0.78 and beta of 0.68.
Computer Programs and Systems (NASDAQ: CPSI – Get Rating) last released its earnings results on Tuesday, May 3. The company reported $ 0.70 earnings per share (EPS) for the quarter, beating estimates by analyst $ 0.58 to $ 0.12. The company had revenue of $ 77.87 million for the quarter, compared to the analyst’s estimate of $ 74.98 million. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. During the same period last year, the business posted $ 0.28 revenue per share. Typically, equities analysts predict that Computer Programs and Systems, Inc. will post 2.65 earnings per share for the current year.
In related news, Director Glenn Tobin sold 2,000 shares of Computer Programs and Systems stock in a transaction on Wednesday, May 18. The stock sold at an average price of $ 32.29, for a total value of $ 64,580.00. Upon completion of the transaction, the director now directly owns 19,742 shares in the company, valued at $ 637,469.18. The transaction is disclosed in a document filed with the SEC, which is available on the SEC website. Also, insider David A. Dye sold 1,000 shares of Computer Programs and Systems stock in a transaction dated Friday, April 1. The stock sold at an average price of $ 34.87, for a total value of $ 34,870.00. Following the sale, the insider now directly owns 68,265 shares of the company’s stock, valued at $ 2,380,400.55. The disclosure of this sale can be found here. Last quarter, insiders sold 12,925 shares of the company’s stock worth $ 418,444. 4.20% of the stock is currently owned by company insiders.
About Computer Programs and Systems (Get a Rating)
Computer Programs and Systems, Inc. provides healthcare information technology solutions and services in the United States and the Caribbean country of St. Louis. 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 patient care process; and financial accounting software, which offers business office applications to track and coordinate information needed for management decision -making.
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