John B. Douglas, Jr. Sells 1,502 Shares of Computer Programs & Systems, Inc. (CPSI) Stock

Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider John B. Douglas, Jr. sold 1,502 shares of Computer Programs & Systems stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $29.44, for a total value of $44,218.88. Following the sale, the insider now directly owns 228,167 shares of the company’s stock, valued at $6,717,236.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Computer Programs & Systems, Inc. (NASDAQ CPSI) traded down $0.35 during midday trading on Friday, reaching $29.30. The company’s stock had a trading volume of 88,300 shares, compared to its average volume of 78,260. The firm has a market cap of $422.58, a PE ratio of -23.07, a PEG ratio of 1.68 and a beta of 0.08. 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 & Systems, Inc. has a 52-week low of $26.05 and a 52-week high of $36.15.

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Computer Programs & Systems (NASDAQ:CPSI) last announced 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 firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $69.24 million. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. equities research analysts expect that Computer Programs & Systems, Inc. will post 1.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.40 annualized dividend and a yield of 1.37%. Computer Programs & Systems’s dividend payout ratio is presently -31.50%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Computer Programs & Systems by 0.9% during the 4th quarter. BlackRock Inc. now owns 1,458,080 shares of the company’s stock worth $43,816,000 after buying an additional 12,593 shares in the last quarter. River Road Asset Management LLC raised its holdings in shares of Computer Programs & Systems by 3.2% during the 4th quarter. River Road Asset Management LLC now owns 799,345 shares of the company’s stock worth $24,020,000 after buying an additional 24,590 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Computer Programs & 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 buying an additional 298,378 shares in the last quarter. State Street Corp raised its holdings in shares of Computer Programs & Systems by 3.3% during the 2nd quarter. State Street Corp now owns 282,370 shares of the company’s stock worth $9,264,000 after buying an additional 8,914 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Computer Programs & Systems by 10.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock worth $7,819,000 after buying an additional 25,106 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

CPSI has been the subject of several research reports. BidaskClub cut Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 28th. Zacks Investment Research cut Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Citigroup started coverage on Computer Programs & Systems in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Computer Programs & Systems in a report on Thursday, February 8th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $23.00 price objective on shares of Computer Programs & Systems in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Computer Programs & Systems has a consensus rating of “Hold” and a consensus target price of $31.33.

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About Computer Programs & Systems

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).

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

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