June 27, 2022

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Technology Forever

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Insider David A. Dye Sells 1,000 Shares


Computer Programs and Systems, Inc. (NASDAQ:CPSI) insider David A. Dye sold 1,000 shares of Computer Programs and Systems stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $26.77, for a total value of $26,770.00. Following the completion of the sale, the insider now owns 72,237 shares of the company’s stock, valued at $1,933,784.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Computer Programs and Systems stock traded up $0.43 during trading hours on Thursday, reaching $29.88. The stock had a trading volume of 61,944 shares, compared to its average volume of 66,483. Computer Programs and Systems, Inc. has a 52 week low of $16.93 and a 52 week high of $35.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.92 and a quick ratio of 1.89. The company has a market cap of $433.62 million, a price-to-earnings ratio of 19.12, a PEG ratio of 1.41 and a beta of 0.67. The business’s 50 day moving average price is $27.90 and its 200-day moving average price is $27.21.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.17. Computer Programs and Systems had a net margin of 8.33% and a return on equity of 11.75%. The firm had revenue of $68.33 million for the quarter, compared to the consensus estimate of $64.28 million. On average, sell-side analysts forecast that Computer Programs and Systems, Inc. will post 1.16 EPS for the current fiscal year.

CPSI has been the subject of several recent research reports. SVB Leerink restated an “outperform” rating and issued a $37.00 price objective on shares of Computer Programs and Systems in a report on Friday, January 8th. TheStreet upgraded Computer Programs and Systems from a “c+” rating to a “b-” rating in a report on Tuesday, November 24th. Finally, Zacks Investment Research downgraded shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.22.

Several institutional investors and hedge funds have recently bought and sold shares of CPSI. LSV Asset Management increased its holdings in shares of Computer Programs and Systems by 37.1% during the third quarter. LSV Asset Management now owns 337,724 shares of the company’s stock valued at $9,324,000 after acquiring an additional 91,326 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Computer Programs and Systems by 241.5% during the third quarter. Wells Fargo & Company MN now owns 119,017 shares of the company’s stock valued at $3,286,000 after acquiring an additional 84,161 shares in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Computer Programs and Systems during the third quarter valued at about $1,398,000. First Trust Advisors LP acquired a new position in shares of Computer Programs and Systems during the third quarter valued at about $881,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Computer Programs and Systems by 21.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 135,540 shares of the company’s stock valued at $3,742,000 after acquiring an additional 23,582 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

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 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 and Systems (NASDAQ:CPSI)



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