Computer Programs & Systems, Inc. (NASDAQ:CPSI) Insider Sells $71,663.55 in Stock

Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider John B. Douglas, Jr. sold 2,605 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $27.51, for a total value of $71,663.55. Following the completion of the sale, the insider now directly owns 240,568 shares in the company, valued at $6,618,025.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CPSI traded down $0.33 on Thursday, hitting $27.50. 62,732 shares of the company traded hands, compared to its average volume of 129,790. The stock’s 50 day moving average is $26.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.67. The firm has a market cap of $399.36 million, a PE ratio of 14.18, a PEG ratio of 1.83 and a beta of 0.43. Computer Programs & Systems, Inc. has a 12-month low of $23.81 and a 12-month high of $34.45.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $70.81 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts expect that Computer Programs & Systems, Inc. will post 1.49 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CPSI. BlackRock Inc. lifted its stake in shares of Computer Programs & Systems by 3.8% during the 4th quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock worth $46,244,000 after purchasing an additional 67,161 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in Computer Programs & Systems in the 4th quarter valued at $26,000. Millennium Management LLC acquired a new stake in Computer Programs & Systems in the 4th quarter valued at $9,872,000. Marshall Wace LLP increased its holdings in Computer Programs & Systems by 41.2% in the 1st quarter. Marshall Wace LLP now owns 203,250 shares of the company’s stock valued at $6,034,000 after purchasing an additional 59,306 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Computer Programs & Systems by 1.0% in the 4th quarter. Northern Trust Corp now owns 169,586 shares of the company’s stock valued at $4,257,000 after purchasing an additional 1,643 shares in the last quarter. 79.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on CPSI shares. SunTrust Banks lifted their price objective on Everbridge to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Dougherty & Co reissued a “buy” rating and set a $18.50 target price (up previously from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $8.00 target price on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Co cut Mylan from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $33.00 to $22.00 in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.01.

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

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